After the inability of Venezuela's government to repay the installment of two bonds, equals to 200 millions, S&P has downgraded her to the state of "Selective Bankruptcy". By this, S&P declared Venezuela incompetent of meeting the financial obligations to her creditors. "Our negative rating reflects the perspective of the existence of 50% possibility that Venezuela will go bankrupt again, within three months", mentioned in the announcement of S&P.
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