Skip to comments.S&P downgrades Venezuela
Posted on 08/19/2011 4:58:07 PM PDT by tsowellfan
Birds of a feather S & P downgrades Obamas and Chavezs handling of economy
NEW YORK - Standard & Poor's downgraded Venezuela's credit ratings as it implemented a new methodology more heavily focused on political risk -- a key weakness in the oil-producing country.
S&P cut Venezuela's long-term sovereign rating to B-plus from BB-minus. The outlook on the new rating is stable.
Oh no. This will really make Obama mad.
Quiero que mi oro!!!
Mr. Chavez has gold and oil.... what else is there?
I sure hope S and P was rating Venezuela from New York. A reduction in rating there can result in a long jail sentence.
Get punished? Hell, they’ll get invaded if they keep trying to get their gold back from the banksters.
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