Belize

S&P cuts Belize

Belize Bonds Corporate & Sovereign Strategy

Downgrade comes amid an effort by the government to renegotiate its debt for the second time in five years

S&P cuts Belize as country looks to restructure $530m in bonds

Belize Bonds Funds

Downgrade comes amid an effort by Belize Prime Minister Dean Barrow to renegotiate the country's debt for the second time in five years

Moody’s Upgrades Belize

Belize Corporate & Sovereign Strategy

Moody’s has raised Belize’s government bond rating to Caa2 from Ca, saying the country’s debt restructuring is positive for liquidity. Still, it says further potential fi...

Belize Tender Sees Strong Response

Belize Bonds Corporate & Sovereign Strategy

Belize has received acceptance from holders of 86.2% of its 2029 bonds targeted in an exchange offer closed March 8, the government says. The acceptance level tops the 75...

Bondholder Group Joins Belize Exchange

Belize Corporate & Sovereign Strategy

A group of bond holders has announced that all of its members have agreed to participate in the debt exchange launched by Belize last week. “The committee appreciates the...

Belize Launches Debt Exchange

Belize Bonds Corporate & Sovereign Strategy

Belize has launched a debt exchange offer to holders of its 2029 bonds, under terms it announced last week, the government says. The deal opened Friday and closes March 8...

Belize Nears Exchange Offer

Belize Bonds

Belize’s government is close to approval for a debt exchange offer targeting its 2029 super bonds, it says, extending the maturity and giving a 10% haircut. The plan is t...

Belize Adjusts Restructuring Offer

Belize Bonds Corporate & Sovereign Strategy

Following upward adjustments to Belize’s medium-term fiscal projections and a freeing up of additional resources, the government has revised the indicative debt restructu...

Brazilian Telecom Closes Debenture

Belize Bonds

Companhia de Telecomunicacoes do Brasil Central, known as Algar Telecom, has completed a domestic BRL294m ($135m) bond sale, according to the CVM, upsizing from BRL220m. ...

Belize Makes Compromise

Belize Corporate & Sovereign Strategy

Belize, which saw the end of a 30-day grace period to make a $23m coupon payment Wednesday, has agreed to make an $11.7m partial payment, it says. Negotiations regarding ...

Belize Set for Default

Belize Corporate & Sovereign Strategy

Belize faced the end of a 30-day grace period to make a $23m coupon payment Wednesday afternoon, with no immediate news as to whether any agreement has been reached with ...

Belize Bondholders Seek Key Details

Belize Bonds

The Coordinating Committee of Belize Bondholders will conclude that the central American nation does not face debt sustainability issues – contrary to the government’s ce...

Brazil Rate Cut Expected

Belize Economy & Policy Corporate & Sovereign Strategy

Brazil’s central bank is expected to cut its Selic rate today by 50bp to a new record low of 7.50%. In July, Banco Central do Brasil cut its benchmark rate from 8.5% to 8...

Belize Skips Payment, Enters Grace Period

Belize Corporate & Sovereign Strategy

The government of Belize has entered a 30-day grace period following failure to make a $23m coupon payment due Monday. “By defaulting on the bond, we believe the governme...

Belize Inches Closer to Default

Belize Bonds Corporate & Sovereign Strategy

Belize is unable to make a $23.1m coupon payment on its $543.8m outstanding in 2029 “super bonds” scheduled for August 20, the government says, moving the situation close...