Moody’s maintains Suriname’s Ba3 credit rating

SURINAME  – “The US-based international credit rating agency, Moody’s Investors Service on April 22 maintained  Suriname’s credit rating at Ba3 with a positive outlook. Both Standard & Poor’s and Fitch rate Suriname BB-minus with a stable outlook. Moody’s will reportedly visit Suriname later this year,” said the Central Bank of Suriname (CBvS) in a press release. According to Moody’s, On one hand Suriname’s current credit rating is a reflection of positive growth expectations and relatively low government debt and interest charges and on the other hand it reflects economic and fiscal vulnerability and volatile prices of raw materials and low institutional capacity…[+]