alderan74
Forumer attivo
pazienza arriveranno nei prossimi giorni..non si deve disperare..
Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 2 (5 lettori)
- Creatore Discussione tommy271
- Data di Inizio
Ottoecinquanta
Forumer attivo
Vai sereno, arriverà prima o poi. Questa asimmetria tra Euroclear e Clearstream dovrà finire
Llukas
Frangar non Flectar
GiveMeLeverage
& I will remove the world
Infatti. O magari si inizia con un governo e si finisce con un altro, visto che queste cause durano più di qualche mese.
sandrino
Forumer storico
Quanto tempo fa hanno ricevuto ?
Alby$
Nuovo forumer
Tutto ok San la mia massima stima.
Wallygo
Forumer storico
già anticipata da JSVMAX79:
Venezuela Global Bond Due In 2018 Downgraded To 'D' From 'CC'; Sovereign Credit Rating Affirmed At 'SD'
OVERVIEW
On Jan. 2, 2018, S&P Global Ratings lowered its issue rating on the Bolivarian
Republic of Venezuela's global bond due 2018 to 'D' from 'CC'. At the same
time, we affirmed our long- and short-term foreign currency sovereign issuer
credit ratings at 'SD'/'D'. The long- and short-term local currency sovereign
credit ratings remain at 'CCC-'/'C' and are still on CreditWatch with negative
implications. Other foreign currency senior unsecured debt issues not
currently rated 'D' are rated 'CC'.
CREDITWATCH
Our CreditWatch negative reflects our opinion that there is a one-in-two
chance that Venezuela could default again within the next three months. We
could lower specific issue ratings to default ('D') if Venezuela doesn't make
its overdue coupon payments before the stated grace period expires, or upon
the execution of the announced debt restructuring.
If the sovereign cures its default on the overdue coupon payments and remains
timely on other coupon payments before the restructuring debt operation is
completed, we would raise our long-term foreign currency sovereign issuer
credit and issue ratings to 'CC'.
If the sovereign completes any potential restructuring operation, we would
lower all of our foreign currency ratings on Venezuela to default and
subsequently raise them to the 'CCC' or 'B' category.
RATIONALE
On Dec. 31, 30 calendar days had passed since coupon payment was due for
Venezuela's global bond due 2018, and Venezuela had not paid $35 million due
to bondholders (or the bondholders had not received funds by that date). In
accordance with our criteria, "Methodology: Timeliness of Payments: Grace
Periods, Guarantees, And Use of 'D' And 'SD' Ratings," we have lowered the
issue ratings to 'D' (default) for these two bonds.
Overdue coupons now include the following seven issues:
our ratings on the following issue to 'D' if the government fails to pay
within the stated grace period:
Venezuela Global Bond Due In 2018 Downgraded To 'D' From 'CC'; Sovereign Credit Rating Affirmed At 'SD'
- 02-Jan-2018 10:51 EST
OVERVIEW
- Venezuela failed to make $35 million in coupon payments for its global
bonds due 2018 within the 30-calendar-day grace period. - In line with our criteria for timeliness of payments, we are lowering the
issue rating on this bond to 'D' from 'CC'. - We are affirming the long-term foreign currency sovereign credit rating
on Venezuela at 'SD'. - The local currency sovereign credit ratings and senior unsecured issue
ratings on Venezuela remain on CreditWatch with negative implications,
reflecting our view that the sovereign could again miss a payment on its
outstanding debt obligations or advance a distressed debt exchange
operation, equivalent to default, within the next three months.
On Jan. 2, 2018, S&P Global Ratings lowered its issue rating on the Bolivarian
Republic of Venezuela's global bond due 2018 to 'D' from 'CC'. At the same
time, we affirmed our long- and short-term foreign currency sovereign issuer
credit ratings at 'SD'/'D'. The long- and short-term local currency sovereign
credit ratings remain at 'CCC-'/'C' and are still on CreditWatch with negative
implications. Other foreign currency senior unsecured debt issues not
currently rated 'D' are rated 'CC'.
CREDITWATCH
Our CreditWatch negative reflects our opinion that there is a one-in-two
chance that Venezuela could default again within the next three months. We
could lower specific issue ratings to default ('D') if Venezuela doesn't make
its overdue coupon payments before the stated grace period expires, or upon
the execution of the announced debt restructuring.
If the sovereign cures its default on the overdue coupon payments and remains
timely on other coupon payments before the restructuring debt operation is
completed, we would raise our long-term foreign currency sovereign issuer
credit and issue ratings to 'CC'.
If the sovereign completes any potential restructuring operation, we would
lower all of our foreign currency ratings on Venezuela to default and
subsequently raise them to the 'CCC' or 'B' category.
RATIONALE
On Dec. 31, 30 calendar days had passed since coupon payment was due for
Venezuela's global bond due 2018, and Venezuela had not paid $35 million due
to bondholders (or the bondholders had not received funds by that date). In
accordance with our criteria, "Methodology: Timeliness of Payments: Grace
Periods, Guarantees, And Use of 'D' And 'SD' Ratings," we have lowered the
issue ratings to 'D' (default) for these two bonds.
Overdue coupons now include the following seven issues:
- US$2.496 billion 7.75% bonds due Oct. 13, 2019
- US$2.496 billion 8.25% bonds due Oct. 13, 2024
- US$1.6 billion 7.65% bonds due April 25, 2025
- US$3 billion 11.75% bonds due Oct. 21, 2026
- US$2 billion 9.00% bonds due May 7, 2023
- US$2 billion 9.25% bonds due May 7, 2028
- US$1 billion 7.00% bonds due Dec. 1, 2018
our ratings on the following issue to 'D' if the government fails to pay
within the stated grace period:
- US$1.5 billion 6% bonds due Dec. 9, 2020
