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Latin America Investment News on Viva Tropical

Moody’s Agrees, Downgrade for Belize.

Article Summary:

Moody’s joined the list of agencies that have downgraded Belize over the recent weeks. Moody’s ranked Belize at B3-C due to the countries continued economic struggles and poor institutional strength.

Original Article Text From Belize Times :

Moody’s says Belize’s financial strength is “very low”
When it rains it pours and it has been pouring acid showers on the Barrow Administration. Almost every sector of the nation is in shock and it appears to be never-ending. In the economic sector, the UDP Government got another black-eye this week when Moody’s joined the list of agencies that have downgraded Belize’s ratings.

On Monday, Moody’s released its analysis of Belize’s economic state and revealed that it had downgraded Belize to a B3-C, because of “low” economic and institutional strengths and “very low” financial strength.

Among the many concerns raised by Moody’s is the takeover of Belize Telecommunications Limited and Belize Electricity Limited which increased Government’s debt and exposure to greater liabilities, decreased foreign investment, security concerns, high debt burdens, reduced funding options, and “very high” susceptibility to event

Link to Original Article:

From Belize Times

Latin America Investment News on Viva Tropical