Venezuela debt defaults pile up with fresh S&P warning

Venezuela moved closer to a possible all-out default on Wednesday, with ratings agency S&P Global saying the country had failed to make repayments on two more loans. The oil-rich, cash-poor South American country failed to make $237 million in payments on bonds due 2025 and 2026, now past their 30-day grace period, the US ratings firm said in a statement. "Two additional coupon payments are overdue, but within their grace period.

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