What Happens To Payoneer In Case Of Default Of Belize?

Dario M.
Dario M. Member Posts: 17 ✭✭
I've Just read this news

Moody’s downgrades Belize again – Debt Rating sinks further into junk territory

Belize City, June 4, 2012

Belize’s economy, under the Barrow Administration’s control, has been on a steady, one-way, down-spiral course. This was confirmed once more by the bad news that the nation’s debt rating had been downgraded, again, by Moody’s credit rating agency.


Link to this article:

http://www.belizetimes.bz/2012/06/07/moody’s-downgrades-belize-again-debt-rating-sinks-further-into-junk-territory/


What does this means for Belizean companies and specifically for Payoneer ?

Comments

  • Nissim
    Nissim Head of Community Administrator Posts: 3,604 ✭✭✭✭✭✭✭
    Payoneer payment solutions in Belize is wholly owned by Payoneer Inc, a US incorporation. Payoneer cardholder funds are kept in a US bank, and are FDIC insured.

    Additionally, Choice Bank is a private offshore bank, whose financials are closely monitored and are very strong.