Belize economy “stable” after debt reservicing, says Moody’s; ratings improve
Published on: Friday 09 December 2022
Moody's Investors Service today announced it had upgraded the long-term local and foreign currency issuer ratings of the Government of Belize to Caa2 from Caa3, with a stable outlook. The upgrade reflects the reduction in the debt/GDP ratio following the buyback of the "superbond" in November 2021 and its expectation of a further reduction supported by a balanced primary budget going forward.
