OUR GOVERNMENT DEVELOPMENT CORPORATION, MORTGAGE BUSINESS COMPANY GETS AN UPGRADE FOR QUALITY OF BONDS ISSUED AND SOLD TO INVESTORS.
Moody's has upgraded the global scale ratings of Belize Mortgage Company's 2002-1 Class A and Class B bonds to Aaa from Ba1 and B3, respectively, the ratings agency said in a press release.
The ratings reflect that the trust funds of US$6.59mn of eligible investments are sufficient to cover interest repayments of US$5.10mn on the bonds until their maturity date in September 2012, according to the release.
Belize Mortgage is an offshore company set up by the country's Development Finance Corporation (DFC).
To read the full report, go to this link
http://www.bnamericas.com/story.jsp?sector=3¬icia=573136&idioma=I&source=
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P.S. WONDER WHAT INTEREST RATE THEY PAID?
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