The combination of widespread civil unrest, generated by a presidential election where many experts have confirmed that the results were manipulated by the ruling party, an abysmal economy, a politically influenced judiciary, and massive corruption, all point to one conclusion: risk levels for investing in, or extending credit to, Venezuelan companies or ventures, is far to high at this time. Raise Country risk on Venezuela to Extremely High.
Tuesday, April 16, 2013
RAISE COUNTRY ON VENEZUELA (AGAIN)
The combination of widespread civil unrest, generated by a presidential election where many experts have confirmed that the results were manipulated by the ruling party, an abysmal economy, a politically influenced judiciary, and massive corruption, all point to one conclusion: risk levels for investing in, or extending credit to, Venezuelan companies or ventures, is far to high at this time. Raise Country risk on Venezuela to Extremely High.
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