Belize default warnings return months after coupon postponement

Central American sovereign Belize could be at risk of requiring yet another rescheduling of its bond payments, said analysts, as its debt reaches unsustainable levels and with the temporary relief that creditors granted earlier in the pandemic likely to be insufficient.
In August, Belize received the consent of 82% of its bondholders to capitalise three coupon payments on its $526.5m of 4.9375% 2034s — its only international bond — as Covid-19 battered its tourism-reliant economy.
Moody’s on Tuesday downgraded Belize from Caa1 to Caa3, removing the country from
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