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'B/B' Ratings On Belize Affirmed; Outlook Remains Stable
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Belize continues to have limited fiscal flexibility and a large general government debt burden, and the credit quality of its banking system has deteriorated, with high levels of nonperforming loans. However, the government continues to enjoy a favorable amortization and moderate cost profile of its debt following the debt restructuring in 2007. We have affirmed the 'B/B' foreign- and local-currency sovereign credit ratings on Belize. The outlook remains stable, balancing the risks--specifically high debt and weak external liquidity on one side, offset by the low debt-servicing needs due to the debt exchange. NEW YORK (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'B' long-term and 'B' short-term foreign- and local-currency sovereign credit...
Companies mentioned in this report are: Belize
Action: Affirmed
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