Investors buying Venezuelan debt in recent weeks on hopes the May elections might bring a new government or that rising oil prices will bolster the OPEC member’s creditworthiness may be in for a rude awakening, analysts and portfolio managers say. Venezuelans are crossing by the thousands every day into neighboring Colombia and Brazil as an escalating economic and social crisis has left millions suffering from shortages of food and medicine. But those counting on a regime change should be mindful of the opposition’s inability, so far, to fully coalesce around the candidacy of the 56-year-old former soldier and governor Henri Falcon who is running against President Nicolas Maduro. And the bets investors are making based on crude oil prices trading at the highest levels in more than three years are offset by Venezuela’s rapidly declining oil output. Since October of 2017, the Venezuelan government […]