We affirmed our 'BB-/B' ratings on Suriname to reflect its improving macroeconomic fundamentals, robust medium-term growth prospects, a low debt position, and solid external indicators, offset by its narrow economic base and institutional capacity constraints. The outlook on the long-term ratings is stable. The ratings could improve if the government's fiscal position becomes stronger through economic reforms and/or large investments in the mining sector that boost GDP growth prospects and government revenues. NEW YORK (Standard&Poor's) April 30, 2012--Standard&Poor's Ratings Services affirmed its 'BB-' long- and 'B' short-term foreign and local currency sovereign credit ratings on the Republic of Suriname. At the same time, we affirmed our 'BB' transfer and convertibility assessment of Suriname. Today's rating action
