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. On 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 is part of
