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Moody's upgrades Belize
Moody's Investors Service said it upgraded Belize's government bond rating to Caa2 from Ca.
The outlook is stable.
Moody's said the upgrade balances an improvement in the government's liquidity position following a pre-emptive restructuring of its external commercial debt, against a debt overhang that was not cured by the default and continues to impair Belize's credit solvency.
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