Curaçao enjoys a stable democratic political system within the Kingdom of the Netherlands. The rating on Curaçao is supported by a strong balance sheet that reflects a favorable fiscal position and net general government asset position. We are affirming our 'A-/A-2' long- and short-term foreign and local currency sovereign credit ratings on Curaçao. The stable outlook incorporates our expectation of continuity in economic policies, balanced general government results, a large but stable current account deficit, and slow economic growth for the next two to three years. On March 23, 2016, Standard&Poor's Ratings Services affirmed its 'A-/A-2' long- and short-term foreign and local currency sovereign credit ratings on the government of Curaçao. The outlook remains stable. We also affirmed
