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Nov 14, 2016

Standards & Poors to Downgrade Belize’s Credit Rating

Meanwhile Standards and Poors is expected to downgrade Belize in its credit rating from a ‘B’ to a C.C.C. plus. The downgrade is due to government’s inability to meet financing requirements which are impaired by fiscal and external funding, reduced foreign exchange reserves and loss of correspondent banking relationships.   S and P also projects government debt to rise to eighty-one percent of GDP this year.

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