...- Holders of the Republic of Suriname's two Eurobonds received new debt instruments with a face value of US$660 million, in addition to an oil-linked security, in an exchange for debt that has been in default since the end of 2020. - This exchange applied to holders of Suriname's notes due 2023 and notes due 2026. - At the same time, Suriname has reached restructuring agreements with all official creditors, excluding China; commercial creditors that had provided export credit agency-backed loans; and the Central Bank of Suriname; and is finalizing agreements with other commercial domestic and foreign creditors for small amounts of remaining debt. - We believe these negotiations will conclude the resolution of Suriname's defaulted obligations and are adopting a forward-looking opinion on the sovereign's creditworthiness on its foreign and local currency obligations. - As a result, S&P Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Suriname...
