Suriname ‘BB-/B’ ratings affirmed; outlook remains stable

SURINAME – On April 17, 2015, Standard & Poor’s Ratings Services affirmed its ‘BB-‘  long-term sovereign credit ratings on the Republic of Suriname. The outlook  remains stable. At the same time, Standard & Poor’s affirmed their  ‘B’ short-term sovereign  credit ratings on Suriname and our ‘BB’ transfer and convertibility (T&C)  assessment.  The ratings on Suriname reflect its narrow economy that is vulnerable to  commodity price swings, monetary and exchange rate rigidities, shallow  domestic capital markets, and a high level of dollar-denominated assets and  liabilities in its financial system…[+]