NEW YORK (Standard&Poor's) May 29, 2002--Standard&Poor's today revised its outlook on the foreign currency sovereign credit rating on the Republic of Suriname to positive from stable. "The positive outlook on the foreign currency sovereign credit rating reflects Standard&Poor's view that stronger liquidity, helped by a new €135 million loan extended by the government of the State of the Netherlands in August 2001, could lead to improved creditworthiness for Suriname if coupled with needed reform," said Credit Analyst Olga Kalinina. "Suriname's new government has already made significant progress in stabilizing the country's macroeconomic environment through better fiscal and monetary policies, including the convergence of the official and market exchange rate, and the Ronald Venetiaan Administration
