CLEAN : Grupo de acreedores (ISDA) afirma que PDVSA esta en default

CLEAN : Grupo de acreedores (ISDA) afirma que PDVSA esta en default

Assessment

Interactive Video

Business, Social Studies, History

9th - 10th Grade

Hard

Created by

Wayground Content

FREE Resource

The International Association of Swaps and Derivatives (SDA) declared Venezuela's state oil company PDVSA in default. Creditors, who had been meeting daily, plan to reconvene to decide on further actions. Fitch downgraded PDVSA's bonds to selective default, while Standard & Poor's declared Venezuela in partial default after a missed payment. PDVSA's bonds account for 30% of Venezuela's $150 billion external debt. The Maduro government aims to refinance this debt and has agreed to restructure $3 billion owed to Russia.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which organization declared PDVSA in default?

United Nations

World Bank

International Monetary Fund

International Association of Suabsiderivados and SDA

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action did Fitch take regarding PDVSA's bonds?

Removed them from the market

Upgraded them to investment grade

Maintained the current rating

Downgraded them to selective default

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the amount Venezuela failed to pay, leading to a partial default declaration by Standard & Poor's?

$200 million

$400 million

$100 million

$300 million

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much of Venezuela's external debt is represented by PDVSA's bonds?

40%

30%

20%

10%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

With which country did Venezuela agree to restructure $3 billion of its obligations?

Brazil

United States

Russia

China