Monday, September 29, 2008

How's it going up there, finance boyz???

Down here we're getting credit ratings upgrade promised from Moody's, non-emergency debt buybacks in the cards and affirmations of robust net creditor positions.......... in.................


Looks like Paulson has a model to follow.


NEW YORK, Sept 29 (Reuters) - Standard & Poor's on Monday affirmed Venezuela's "BB-" sovereign credit rating, saying it was supported by its robust external and fiscal balance sheets, which continue to improve as a result of high and increasing oil revenues.

Standard & Poor's also said that the outlook on Venezuela remained stable.

"We expect that Venezuela's public sector will be in a net external creditor position of 25 percent of current account receipts in 2008, which is one of the strongest of any issuer in the "BB" category and significantly higher than the 1.5 percent net creditor position for the yada yada CONTINUES HERE