Moody's Analyst: Chavez's Death Won't Immediately Affect Sovereign Rating

Tuesday, 05 Mar 2013 06:12 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The death of President Hugo Chavez will not have an immediate effect on Venezuela's sovereign rating, a Moody's analyst said on Tuesday, but the political transition after the controversial leader's passing will be key to any possible rating changes.

"We revised Venezuela's outlook to negative back in January in anticipation of the risks associated with the political transition, should he die," said Aaron Freedman, a senior sovereign analyst with Moody's Investors Service.

"So any further rating action would be dependent upon those risks materializing," he added.

Chavez died after a two-year battle with cancer, ending the socialist leader's 14-year rule of the South American country, Vice President Nicolas Maduro said in a televised speech on Tuesday.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

GOP: ISIS Threat Stems From Obama Inaction on Syria

Friday, 29 Aug 2014 21:17 PM

The beheading of American journalist James Foley by the Islamic State and the widespread attacks on President Barack Oba . . .

U.S. Job Market Is Beginning to Look Like Europe's: Clive Crook

Friday, 29 Aug 2014 09:33 AM

 . . .

FBI Investigating Reports of Cyberattacks on US Banks

Thursday, 28 Aug 2014 07:03 AM

The FBI said Wednesday it's working with the Secret Service to determine the scope of recently reported cyberattacks aga . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved