Belize could delay coupon payment, says Moody’s

Belize, restructuring, default, coupon, deferral, LatAm, Central America, 575
By Oliver West
14 May 2020

Central American sovereign Belize, which last restructured its international debt in 2017, is likely to seek to delay a $13m coupon payment due in August on its only external bond, believes Moody’s.

With tourism estimated to account for as much as 40% of the gross value added in the country’s economy, as well as 42% of Belize’s goods and services exports, the country is one of the most vulnerable to the Covid-19 economic shock.

Even before the virus hit, triggering a ...

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