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Moody's Downgrades Venezuela, Warns of Economic Collapse

Moody's Investors Service downgraded Venezuela's credit rating on Monday and warned it could cut them again given what it saw as the growing risk of an economic and financial collapse in the country. It was the second ratings downgrade in just a few days for the country after Standard & Poor's cut its bond ratings on the “radicalization” of economic policy and declining international reserves. President Nicolas Maduro spooked investors last month by forcing...

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