Article: BELIZE: MOODY'S UPGRADES BELIZE'S RATINGS TO B3 FROM CAA1.

Moody's Investors Service has upgraded Belize's government bond ratings to B3 from Caa1 to reflect the improvement in debt metrics over the past couple of years, a marginal improvement in governance, and the expectation that bilateral and multilateral financing will continue providing sufficient support to help mitigate the negative impact of the global crisis. The outlook is stable. "Since the restructuring of commercial external obligations in early 2007, Belize's fiscal position and external debt maturity profile have improved," said Moody's Vice President - Senior Analyst Alessandra Alecci. "While this has been in large part the result of the oil windfall, reduced ...

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