The Moody’s credit rating firm has dropped Cuba’s low ranking even further, saying that the island is vulnerable to an “elevated risk” of an economic collapse in Venezuela as well as “abrupt and disorderly” changes at home.

Although Cuban ruler Raúl Castro “recently indicated that his current term will be his last and, at the same time, appointed a first vice president … there is considerable uncertainty around the future state of Cuba's political economy,” the firm said...

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