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…[+]