# Prof. Lawrence White discusses the potential impact of a change to Venezuela's credit rating

1 Faculty News September 23, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-09-23/hedge-funds-circling-venezuela-as-yields-top-15-andes-credit.html) -- "Some bondholders aren’t allowed to hold notes that are rated below a certain grade, which may cause some mutual funds to unload their holdings after a downgrade, according to [Lawrence White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor at New York University’s Leonard N. Stern School of Business."

[Read more](http://www.bloomberg.com/news/2014-09-23/hedge-funds-circling-venezuela-as-yields-top-15-andes-credit.html)