KEY INDUSTRY VIEWS: BELIZE
NEW DEVELOPMENTSMarch 3, 2017Belize Bondholders’ Committee Supports Consent Solicitation.January 17, 2017Belize Bondholder Committee Does Not Support Consent Solicitation. January 9, 2017Belize Trustee Recognizes Bondholder Committee.January 6, 2017 Memorandum from Belize Financial Secretary to Bank of New York Mellon, as Trustee. November 16, 2016 Belize Coordinating Committee Announces Formation.November 9, 2016Belize to Commence Discussions with Bondholders. March 8, 2013Belize Confirms Over 86% Participation in its Exchange Offer.
February 19, 2013Statement from Belize Coordinating Committee Announcing Its Members Intend to Participate in Debt Exchange Offer.
February 12, 2013Press Release Issued by the Government of Belize Regarding an Exchange Offer.December 4, 2012Belize Coordinating Committee Response to Belize’s Press Release Announcing the Beginning of Debt Negotiations with Bondholders.
November 29, 2012Government of Belize Press Release Updating Restructuring Progress.October 2, 2012Press Release from Government of Belize Announcing the Beginning of Debt Negotiations with Bondholders.September 21, 2012Notice from Bank of New York, Belize Trustee, Regarding Record and Payment Dates.September 20, 2012Press Releases by Belize and Belize Coordinating Committee on a Partial Payment.August 28, 2012Press Release Issued by Belize Co-ordinating Committee.August 21, 2012EMTA Recommends Flat Trading For Belize’s 2029 Bonds.Standard & Poor’s Downgrades Belize’s Long-Term Foreign Currency Sovereign Credit Rating from CC to SD.August 14, 2012Press Release from Belizean Ministry of Finance, “Unable to Make Coupon Payment.”Standard & Poor’s Downgrades Belize’s Long-Term Foreign Currency Sovereign Credit Rating from CCC- to CC.August 13, 2012Statement from Belize Coordinating Committee Following Release of Indicative Restructuring Scenarios.August 10, 2012“Belize Restructuring: Game On.” – Carl Ross (Oppenheimer & Co.).August 8, 2012Belize Releases Indicative Restructuring Scenarios.“Belize Offers Worst Restructuring Terms.” – Joe Kogan (Scotiabank).June 13, 2012Belize Coordinating Committee Announces Formation.March 1, 2012Standard & Poor's Downgrades Its Long-Term Foreign Currency Sovereign Credit Rating on Belize from CCC+ to CCC-.February 16, 2012Moody's Downgrades Belize's Government Bond Rating from B3 to Caa1.February 6, 2012Standard & Poor’s Downgrades Belize’s Long-Term Foreign Currency Sovereign Credit Rating from B- to CCC+.
February 10, 2009
Moody's Upgrades Belize's Government Bond Rating from Caa1 to B3.
February 20, 2007
Belize Closes Exchange Offer with 98% of Eligible Debt Tendered.
February 13, 2007
Moody's Upgrades Belize from Caa3 to Caa1 Following Restructuring.
January 31, 2007
Belize Says that 93% of Eligible Debt Accepts Restructuring Offer.
December 7, 2006
Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to 'Select Default'.
December 6, 2006
Statement from Government of Belize on Debt Exchange Offer.
August 4, 2006
Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to CC.
August 2, 2006
Belize Announces Debt Rearrangement.
Letter from Belize's Prime Minister Regarding Formation of Creditors Committee.
June 18, 2003
EM Sovereign Bond Documentation Charts for Belize and Ukraine.