Moody's: Venezuela debt restructuring 'among most complicated'Staff Writer | December 1, 2017
Following Venezuela's (Caa3 negative) missed interest payments in November which constituted default events, the eventual restructuring could be one of the largest and most complicated sovereign defaults seen by Moody's Investors Service, the rating agency says in a new report.
LatAm The combined restructuring
Moody's notes that Venezuela's restructuring will be more complicated, however, than other sovereign defaults, with prior cases offering limited visibility into the likely outcome for Venezuela.
Moody's had downgraded Venezuela to Caa3 from Caa1 in January 2015 and placed a negative outlook on the rating in March 2016. ■