Venezuela — Sovereign Signal
BT-SFS 18.5/100 · NR · 2831 bps over Treasuries
Score and market snapshot
| Field | Value |
|---|---|
| BT-SFS score | 18.5 / 100 |
| Rank | 47 of 51 |
| Composite rating | NR |
| Agency ratings | Not rated |
| Benchmark USD bond | VENZ 11.95 31 |
| Spread over Treasuries | 2831bps |
| Yield to worst | 33.00% |
| Duration | 2.1y |
Pillar scores
| Pillar | Score (0-100) |
|---|---|
| Fiscal | 28.2 |
| External | 57.0 |
| Macro | 27.5 |
| Institutions | 0.0 |
The nine metrics behind the score
| Metric | Pillar | Raw value | Score | Source | Year |
|---|---|---|---|---|---|
| General government debt / GDP | Fiscal | 308.7% | 0.0 | IMF | 2025 |
| Interest expense / revenue | Fiscal | 5.4% | 76.0 | IMF | 2025 |
| Primary balance / GDP | Fiscal | -5.1% | 5.2 | IMF | 2025 |
| Current account / GDP | External | 7.1% | 92.7 | IMF | 2026 |
| International reserves, months of imports | External | 3.7 mo | 30.0 | World Bank | 2016 |
| Inflation stress | Macro | 387.4% | 0.0 | IMF | 2026 |
| Real GDP growth | Macro | 4.0% | 71.9 | IMF | 2026 |
| GDP per capita, USD | Macro | $4,140 | 19.8 | IMF | 2026 |
| Institutional quality | Institutions | -1.75 | 0.0 | WGI composite | 2024 |
Score history
Applying the current methodology to historical sources, Venezuela moves from 17.1 in 2016 to 18.5 in 2026 (+1.4 points over ten years).
Default and restructuring registry
2017: payment_default (high) — S&P Global Ratings.
Frequently asked questions
What is Venezuela's sovereign credit score?
Venezuela scores 18.5/100 on the BT Sovereign Fundamentals Score, ranking 47 of 51 sovereigns covered. The score is built from nine public IMF and World Bank metrics across fiscal, external, macro, and institutions pillars.
Which Venezuela USD bond does BondTerminal track?
VENZ 11.95 31 (ISIN USP17625AD98), the near-5-year USD benchmark, currently 2831 bps over Treasuries with a 33.00% yield to worst.
Related
- All 51 sovereigns ranked on the Sovereign Signal hub.
- BT-SFS methodology paper — every metric, weight, and transformation, in public.