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S&P downgrades Belize, sees possible debt default
NEW YORK |
NEW YORK (Reuters) - Standard & Poor's on Monday downgraded Belize's credit ratings deep into junk territory, warning that the country appears to be less willing to service its external debt.
S&P cut Belize's ratings to CCC-plus from B-minus. S&P kept a stable outlook on the rating, however, saying there is a chance that debt management will improve after elections, scheduled for March 7.
(Reporting By Walter Brandimarte; Editing by Padraic Cassidy)
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