S&P downgrades Belize, sees possible debt default

NEW YORK (Reuters) – Standard & Poor’s on Monday downgraded Belize’s credit ratings deep into junk territory, warning that the country appears to be less willing to service its external debt. S&P cut Belize’s ratings to CCC-plus from B-minus. S&P kept a stable outlook on the rating, however, saying there is a chance that debt management will improve after elections, scheduled for March 7. (Reporting By Walter Brandimarte; Editing by Padraic Cassidy)
Business News Headlines – Yahoo! News

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Posted by H. Adam on Feb 6 2012. Filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry