Monday, February 13, 2012

S&P bond rating for Belize, second to Greece

BELIZE BOND RATING FOR DEBT IS SECOND AHEAD OF GREECE THE LOWEST. THE S&P rating for bond debt is only done for 140 countries in the world though. There are probably worse, but with no internationally traded bonds.

In the meantime, GREECE is rioting and burning, because they must cancel a lot of their social welfare networks, as it has been paid for with foreign debt. The result is belt tightening, or austerity measures. Or leave the European Union in a bankruptcy.

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