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Who Gets Citgo’s Assets If Venezuela Defaults?

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Venezuela’s bondholders have long held that if the South American country ever defaulted, they’d be able to seize its refineries and almost 6,000 gas stations in the U.S.

That notion is starting to unravel, just as plunging oil prices, a collapsing economy and dwindling foreign reserves have made swaps traders almost certain that Venezuela will renege on its obligations in the next five years.