Republic of Suriname Ratings Affirmed At 'B'; Outlook Is Stable - S&P Global Ratings’ Credit Research

Republic of Suriname Ratings Affirmed At 'B'; Outlook Is Stable

Republic of Suriname Ratings Affirmed At 'B'; Outlook Is Stable - S&P Global Ratings’ Credit Research
Republic of Suriname Ratings Affirmed At 'B'; Outlook Is Stable
Published Apr 18, 2019
9 pages (4941 words) — Published Apr 18, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Two years of continuous production and exports from Suriname's two gold mines should continue to support positive real GDP growth as well as higher levels of current account receipts and a near-balanced current account. However, postponing value-added tax implementation has pushed out the improvement expected in fiscal balances and debt and interest burdens until at least 2020, offsetting the improvement in the country's external position. Accordingly, we are affirming our 'B' long-term sovereign credit and 'B' senior unsecured debt ratings, as well as our 'B+' transfer and convertibility assessment on Suriname. The stable outlook reflects our expectation that, in the next 24 months, real GDP growth will remain positive. On April 18, 2019, S&P Global Ratings affirmed its 'B' long-term

  
Brief Excerpt:

...- Two years of continuous production and exports from Suriname's two gold mines should continue to support positive real GDP growth as well as higher levels of current account receipts and a near-balanced current account. - However, postponing value-added tax implementation has pushed out the improvement expected in fiscal balances and debt and interest burdens until at least 2020, offsetting the improvement in the country's external position. - Accordingly, we are affirming our 'B' long-term sovereign credit and 'B' senior unsecured debt ratings, as well as our 'B+' transfer and convertibility assessment on Suriname. - The stable outlook reflects our expectation that, in the next 24 months, real GDP growth will remain positive....

  
Report Type:

Ratings Action

Ticker
17024Z
Issuer
Sector
Global Issuers
Country
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Republic of Suriname Ratings Affirmed At 'B'; Outlook Is Stable" Apr 18, 2019. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Republic-of-Suriname-Ratings-Affirmed-At-B-Outlook-Is-Stable-2274876>
  
APA:
S&P Global Ratings’ Credit Research. (). Republic of Suriname Ratings Affirmed At 'B'; Outlook Is Stable Apr 18, 2019. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Republic-of-Suriname-Ratings-Affirmed-At-B-Outlook-Is-Stable-2274876>
  
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