Venezuela creditors committee again delays default decision
The committee is to reconvene Thursday afternoon to continue the discussion
New York - Arab Today
A committee of Venezuelan creditors on Tuesday once more postponed a decision on whether state oil company PDVSA has defaulted on its debt, in the absence of sufficient information.
While the committee "works to obtain clear information regarding the timing of payments... (it) has resolved to postpone holding a binding vote on this question," it said in a statement.
The committee is to reconvene Thursday afternoon to continue the discussion, which will determine whether creditors who hold default insurance -- credit default swaps -- can collect payment on those instruments.
Source:AFP
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