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S&P Revises Down Belize To Default On Debt Swap Offer

Dec 8, 2006

Following the announcement Wednesday by Belize that it will offer to exchange most categories of its foreign commercial debt for new dollar bonds, ratings agency Standard & Poor's Thursday lowered its long-term foreign currency sovereign credit rating on the country, this time to...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management


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