<< Read Full Article

S&P Cuts Rating On Petroleos De Venezuela To 'B+'

Stock quotes in this article: EXH , WMB  

MEXICO CITY (AP) — Standard & Poor's Ratings Services cut its rating on Petroleos de Venezuela SA on Friday, citing concern about the state-controlled energy company's willingness to pay suppliers.

The ratings agency downgraded the Caracas, Venezuela-based company to "B+" from "BB-," both of which are junk status. S&P kept a negative outlook, implying further downgrades are possible.

The lower the outlook, the harder it is generally for companies to obtain financing. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,452.68 1,109.24 2,185.03 33.23
Oil *
77.73
DOWN
18.90
UP
0.38
UP
9.22
UP
0.48
10 Yr
3.32%
SPDR Gold
119.18
-0.18%
+0.03%
+0.42%
+1.47%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services