US calls for Venezuelan elections, S&P downgrades country’s debt

December 13, 2002

In one week, we have felt the change in the covergae by the media and foreign Governments about what is happening in Venezuela, so the message is getting there. Today The White House called for elections in Venezuela as a way of resolving the crisis in the strongest statement by the US Government since Chavez became President.

Separately, S&P downgrade the country’s sovereign rating to CCC+, meaning its is vulnerable unless condition improve. S&P blamed the strike for the downgrade, the Government continues to call the strike a failure.

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