Views are polarised about size of the losses Venezuelan bondholders might face in an eventual debt restructuring, with some suggesting only modest debt relief is needed and others suggesting a large write-down is inevitable. Historically, we find that the public debt ratio has been a pretty reliable indicator and, on this basis, Venezuela’s debt write-down could be as large as 60-80%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services