Stable democratic parliamentary system of government within the Kingdom of the Netherlands; Prosperous economy with per capita GDP likely to exceed US$21,000; and Strong government balance sheet. Low per capital GDP growth over the last decade; and Limited monetary and external flexibility. Standard&Poor's Rating Services' ratings on Curaçao reflect its stable democratic parliamentary system and rule of law within the Kingdom of the Netherlands, its prosperous economy, high level of social development, and strong government balance sheet. The country's low per capita GDP growth and limited monetary and external flexibility constrain the ratings. We believe that Curaçao's per capita GDP will likely exceed US$21,000 in 2011. Its economy is somewhat more diversified than many Caribbean economies: its tourism,
