Andean Tensions Hurt Ratings

March 2008 | Risk Summary

We have revised down Venezuela's short-term political risk rating considerably as a result of the escalating tensions between Venezuela's President Hugo Chávez and Colombia's Álvaro Uribe and the heightened risk of military conflict. Chávez moved troops to the Colombian border following a Colombian attack on the FARC on Ecuadorian soil. He has also stated that a similar act on Venezuelan soil would be treated as an act of war. Although we believe that military confrontation remains unlikely, we have revised down our 'security threats' score from 80.0 to

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