Research Update: Republic of Suriname Downgraded To 'B' From 'B+' On Worsening Economic Strength And Debt Burden; New Debt Rated 'B' - S&P Global Ratings’ Credit Research

Research Update: Republic of Suriname Downgraded To 'B' From 'B+' On Worsening Economic Strength And Debt Burden; New Debt Rated 'B'

Research Update: Republic of Suriname Downgraded To 'B' From 'B+' On Worsening Economic Strength And Debt Burden; New Debt Rated 'B' - S&P Global Ratings’ Credit Research
Research Update: Republic of Suriname Downgraded To 'B' From 'B+' On Worsening Economic Strength And Debt Burden; New Debt Rated 'B'
Published Apr 26, 2017
10 pages (4634 words) — Published Apr 26, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We are lowering our long-term sovereign credit rating on the Republic of Suriname to 'B' from 'B+'. We are also revising our transfer and convertibility assessment on Suriname to 'B+' from 'BB-'. The downgrade reflects the worsening of our assessment of the country's economic strength and its debt burden. We are assigning our 'B' senior unsecured debt rating to Suriname's US$550 million bond due in 2026. The negative outlook reflects our view that there is an at least one-in-three chance of a downgrade over the next 12 months that delays in strengthening revenues or a failure to contain spending could result in a return to persistently high fiscal deficits and further increases in general government debt and interest expense; or

  
Brief Excerpt:

...The downgrade reflects the worsening of our assessment of the country's economic strength and its debt burden....

  
Report Type:

Research Update

Ticker
17024Z
Issuer
Suriname
Sector
Global Issuers
Country
Suriname (The Republic of)
Region
Latin America
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Republic of Suriname Downgraded To 'B' From 'B+' On Worsening Economic Strength And Debt Burden; New Debt Rated 'B'" Apr 26, 2017. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Republic-of-Suriname-Downgraded-To-B-From-B-On-Worsening-Economic-Strength-And-Debt-Burden-New-Debt-Rated-B-1838886>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Republic of Suriname Downgraded To 'B' From 'B+' On Worsening Economic Strength And Debt Burden; New Debt Rated 'B' Apr 26, 2017. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Republic-of-Suriname-Downgraded-To-B-From-B-On-Worsening-Economic-Strength-And-Debt-Burden-New-Debt-Rated-B-1838886>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.