Moody’s Investors Service downgraded on Tuesday 24 November 2020 Belize’s sovereign credit rating to Caa3 from Caa1 and changed the outlook to stable from negative, citing as main trigger behind the cut the structural deterioration in government finances that is likely to push debt ratios to very high levels of over 130% of GDP, and the continued liquidity pressures the sovereign is facing due to its constrained financing options. Standard & Poor's credit rating for Belize stands at CCC+ with stable outlook. This page provides - Belize Credit Rating- actual values, historical data, forecast, chart, statistics, economic calendar and news.


AgencyRatingOutlookDate
Moody'sCaa3 Stable Nov 24 2020
S&PCCC+ Stable Aug 21 2020
S&PSD N/A Aug 12 2020
S&PCC Negative Watch Jun 30 2020
Moody'sCaa1 Negative May 12 2020
S&PCCC Negative Apr 16 2020
Moody'sB3 Stable Apr 11 2017
S&PB- Stable Mar 23 2017
S&PSD N/A Mar 17 2017
S&PCC Negative Watch Feb 21 2017
S&PCC Negative Nov 23 2016
S&PCCC+ Negative Nov 15 2016
S&PB- Stable Nov 25 2015
S&PB- Positive Nov 07 2014
Moody'sCaa2 Stable Apr 15 2013
S&PB- Stable Mar 20 2013
S&PSD N/A Aug 21 2012
S&PCC Negative Aug 14 2012
Moody'sCa Stable Jun 01 2012
S&PCCC- Negative Feb 29 2012
Moody'sCaa1 Negative Watch Feb 16 2012
S&PCCC+ Stable Feb 06 2012
S&PB- Negative Nov 21 2011
S&PB- Stable Aug 04 2011
S&PB Negative Watch Jun 21 2011
Moody'sB3 Stable Feb 10 2009
S&PB Stable Feb 20 2007
Moody'sCaa1 Stable Feb 13 2007
S&PSD N/A Dec 07 2006
S&PCC Negative Aug 04 2006
Moody'sCaa3 Stable Oct 26 2005
Moody'sB3 Negative Jun 07 2005
S&PCCC- Negative Jun 01 2005
S&PCCC Negative Apr 05 2005
S&PB- Negative Aug 31 2004
S&PB Negative Aug 23 2004
Moody'sB2 Negative Aug 05 2004
S&PB+ Negative Jul 20 2004
Moody'sBa3 Negative Watch Jun 18 2004
Moody'sBa3 Negative May 28 2003
S&PB+ Stable Dec 30 2002
Moody'sBa2 Negative Aug 06 2002
S&PBB- Negative Jul 25 2002
S&PBB- Stable Oct 23 2001
S&PBB Stable Aug 22 2000
Moody'sBa2 Stable Jan 21 1999

 S&PMoody'sFitchDBRSTE
B+ B1 35
BBB BBB+ 62
CCC+ Caa1 CCC 21
CCC+ Ca CCC CCC 15
Ba3 B+ 16
BBB+ BB 55
AAA Aaa AAA AAA 100
AA+ Aa1 AA+ AAA 96
BB+ Ba2 BB+ 48
BB- Ba2 45
B+ B2 B+ 35
BB- Ba3 BB- 40
B- Caa1 22
B B3 B 28
AA Aa3 AA- AA (high) 86
CCC+ Caa3 20
B+ B2 B 31
A+ A2 N/A 78
B+ B2 B 33
B B3 27
BBB+ A2 70
BB- Ba2 BB- BB (low) 42
BBB Baa1 BBB 60
B 25
N/A B2 30
B- B2 B 28
AAA Aaa AA+ AAA 100
B B- 27
Aa3 85
A+ A1 A- N/A 78
A+ A1 A+ A (high) 80
BBB- Baa2 BBB- BBB 57
CCC+ Caa1 20
B B2 B 31
BBB- Ba1 BBB- 51
Caa2 15
BBB- Ba2 BBB- BBB (low) 50
AA- Aa3 AA- 83
AAA Aaa AAA AAA 100
BB- Ba3 BB- 40
B- Caa3 B- 18
B B2 B+ 30
B- B3 B- 25
AA- A1 AA- AA (low) 83
B B2 B 30
AA Aaa AAA AAA 98
BB- Ba3 40
AA+ Aa1 AA+ AA (high) 96
AA Aa2 AA AA (high) 92
N/A Caa1 CCC 26
BB Ba2 BB 45
AAA Aaa AAA AAA 100
B- B3 B 23
BB- Ba3 BB BB (low) 37
SD
BB- Ba1 BB- 43
BB- B1 35
AA+ Aa3 AA- 90
BBB Baa3 BBB 58
A A2 A 75
BBB- Baa3 BBB- BBB 56
BBB Baa2 BBB 60
B- Caa1 B- 23
AA- A2 A+ A (high) 78
N/A Aa3 90
AA- A1 A+ 81
BBB Baa3 BBB- BBB (high) 61
Ba3 B+ 37
B+ B2 B+ 33
A+ A1 A A (high) 77
B+ B1 BB- 36
BBB- Baa3 BBB 56
B+ B2 B+ 33
AA- A1 AA 88
NR B2 30
Caa2 CCC 20
A+ A3 A- A (low) 73
D C RD 11
B 30
AAA 100
A+ A3 A A 75
AAA Aaa AAA AAA 100
Aa3 AA 87
BB- BB+ 45
A- A3 A- 70
B3 CCC 27
Caa1 25
A- A2 A+ A (high) 75
Baa1 65
BBB Baa1 BBB- BBB 60
B3 25
B B3 B 28
B+ B1 35
BBB- 55
BBB- Ba1 BB+ 53
CCC+ Caa2 CCC 14
Ba2 BB 45
AAA Aaa AAA AAA 100
AA Aaa AA 93
B- B3 B- 25
B3
B- B2 B 28
AAA Aaa AAA AAA 99
B+ Ba3 BB- 40
B- B3 B- 25
BBB Baa1 BBB 63
B- B2 30
BB Ba1 BB+ 46
BBB+ A3 BBB+ N/A 65
BBB+ Baa2 BBB 61
A- A2 A- A 71
BBB Baa3 BBB BBB (high) 71
D 0
AA- Aa3 AA- 85
CCC+ Caa2 CCC 20
BBB- Baa3 BBB- 55
BBB- Baa3 BBB 55
B+ B2 B+ 33
BB+ 55
A- A1 A 75
B+ Ba3 37
BB+ Ba3 BB+ 46
B+ 45
AAA Aaa AAA AAA 98
A+ A2 A A (high) 76
AA- A3 A A (high) 75
B3 25
BB- Ba2 BB- 45
AA Aa2 AA- 86
A Baa1 A- A 71
B- Caa1 CCC 23
B3 25
SD Caa3 RD 15
B3 30
AAA Aaa AAA AAA 99
AAA Aaa AAA AAA 100
AA- Aa3 AA- 83
B- B3 25
B2 35
BBB+ Baa1 BBB+ 65
B B3 30
BBB- Ba1 52
N/A B2 B 30
B+ B2 BB- BB (high) 36
B B2 B+ 31
B B3 B 26
AA Aa2 AA- 90
AA Aa3 AA- AA (high) 90
AA+ Aaa AAA AAA 98
BBB Baa2 BBB- BBB (low) 55
BB- B1 BB- 38
SD WR RD 11
BB Ba3 BB 43
SD Ca RD 30


Credit Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com