February 16, 2018 / 1:21 AM / 7 months ago

BRIEF-S&P Says Venezuela Long-Term Foreign Currency 'SD' Rating Affirmed‍​

Feb 15 (Reuters) - S&P:

* VENEZUELA LONG-TERM FOREIGN CURRENCY ‘SD’ RATING AFFIRMED‍​

* ECONOMIC CRISIS, INCLUDING CONTRACTION IN REAL GDP, HYPERINFLATION, HAS UNDERMINED VENEZUELA’S CAPACITY TO PAY ITS SOVEREIGN DEBT

* S&P SAYS COULD REMOVE LOCAL CURRENCY RATINGS ON VENEZUELA FROM CREDITWATCH WITH NEGATIVE IMPLICATIONS IF ECONOMIC OR POLITICAL CONDITIONS STABILIZE Source bit.ly/2CobEvR

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