US Judge Rules Venezuelan Bonds in Default Are Valid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2025
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Source: Reuters
Court Ruling on PDVSA Bonds: A U.S. judge upheld the validity of Venezuelan state oil company PDVSA's 2020 bonds, which are secured by a majority stake in Citgo, leading to a temporary suspension of an auction for shares in Citgo's parent company.
Impact on Citgo and Creditors: The ruling affects ongoing legal battles over Citgo's assets, as bondholders and companies with expropriated Venezuelan assets seek to claim the refiner, valued at approximately $13 billion, amid Venezuela's default on various bonds.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
