Venezuela plans using reserves to nationalize

This article from Bloomberg, published Thursday 11 January, looks at the recent decision to use Venezuela's international reserves to compensate owners of the telephone, oil and power companies under President Hugo Chavez's plans to nationalize.

"Standard & Poor's lowered today Venezuela's credit rating outlook to stable from positive, saying in a statement that the nationalization measures may further erode investment in the South American country," the article says.

The article quotes one debt

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