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

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

Belize Bonds Funds

S&P Global Ratings has cut Belize’s sovereign credit rating deeper into junk territory as the Central American country looks to restructure its debt for the second time in five years.The ratings agency lowered the rating to CCC+ from B- with a negative outlook.Last week, Belize Prime Minister Dean Barrow traveled to New York to meet its financial advisors and holders of the country’s 2038 bonds after the government said it is confronting "serious economic and financial challenges." Ahea

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