Standard & Poor's has become the first ratings agency to downgrade Venezuela's credit rating to default status, following the country's failure to make two payments on its sovereign debt.
Venezuela failed to make the $200m owed in coupon payments for its global bonds due in 2019 and 2024 within the allotted 30-day time period, according to S&P. Therefore, the ratings agency has downgraded...
AUM growth of 19% in first half of 2018
Move to improve access to institutional managers without a retail fund
Launching fund end of 2018
Purchased for undisclosed sum