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Venezuela on the edge of the cliff: let’s be cautious

Perspectives» |

November 14, 2017

President Nicolas Maduro recently announced the Republic of Venezuela’s intention to restructure all foreign debt, thus recognising the country’s current debt load as unsustainable. A full Venezuelan sovereign default scenario would be one of the most complex events of its type and would require a large-scale restructuring. Overall, we remain very cautious on Venezuela and do not see any rapid solution to the restructuring process. We continue to look for tactical opportunities as they emerge with risk control as a priority for our investors.


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