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The Global Macro Scoreboard: Venezuela El Paria

Venezuela took the highest spot on the Scoreboard this week, as fresh U.S. sanctions have brought the country's political and social crisis back to the forefront of global markets. Washington's move makes Venezuelan sovereigns and PDVSA corporate bonds personae non gratae in U.S. debt markets. Fitch already dropped Venezuela's debt rating from CC to CCC in response. The sanctions further isolate President Nicolas Maduro, who has already been all but cut out of Latin American diplomatic circles.... Continue Reading

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