S&P downgrades Venezuela citing policy 'radicalization'

GMT 19:46 2013 Friday ,13 December

Arab Today, arab today S&P downgrades Venezuela citing policy \'radicalization\'

Arab Today

Standard & Poor's  cut Venezuela's credit rating by one step to B- on Friday and put the country on watch for another downgrade, citing the "growing radicalization of economic policy". "We expect the results of the December 8 municipal elections to reinforce the recent trend toward more government intervention in the economy, creating greater uncertainty," S&P said.

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