Belize’s credit rating may be downgraded

Belize’s international credit rating may be in for some trouble. That news comes courtesy of the ratings service Moody’s which announced that it was conducting a review of the country’s status amid concerns that current economic policy could not support the sustainability of increased debt. Such a move, which would increase Belize’s borrowing costs, comes at a time when efforts to float a two hundred and twenty-five million U.S. dollar bond issue have been put on hold due to a lacklustre response by international markets. While Belize’s economic growth, led by a tourism boom, has been among the highest in the region, the increase in government borrowing has exceeded most commonly accepted international benchmarks.