Research Update: Republic of Suriname Outlook Revised To Stable From Negative On End Of Economic Contraction - S&P Global Ratings’ Credit Research

Research Update: Republic of Suriname Outlook Revised To Stable From Negative On End Of Economic Contraction

Research Update: Republic of Suriname Outlook Revised To Stable From Negative On End Of Economic Contraction - S&P Global Ratings’ Credit Research
Research Update: Republic of Suriname Outlook Revised To Stable From Negative On End Of Economic Contraction
Published Apr 02, 2018
12 pages (5665 words) — Published Apr 02, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

With gold prices stabilizing and new production on line, Suriname is experiencing a return to economic growth, which is easing pressure on its external finances and exchange rate, generating improved fiscal outcomes, and lowering its net general government debt burden. We are therefore revising our outlook on the Republic of Suriname to stable from negative. We are affirming our 'B' long-term sovereign credit rating and our 'B' senior unsecured debt rating on the country's US$550 million bond due in 2026. We are also affirming our 'B+' transfer and convertibility assessment on Suriname. The stable outlook reflects our expectations that, in the next 12 to 24 months, real GDP growth will remain positive and rising, current account surpluses will result in

  
Brief Excerpt:

...+ With gold prices stabilizing and new production on line, Suriname is experiencing a return to economic growth, which is easing pressure on its external finances and exchange rate, generating improved fiscal outcomes, and lowering its net general government debt burden. + We are therefore revising our outlook on the Republic of Suriname to stable from negative. + We are affirming our 'B' long-term sovereign credit rating and our 'B' senior unsecured debt rating on the country's US$550 million bond due in 2026. + We are also affirming our 'B+' transfer and convertibility assessment on Suriname. + The stable outlook reflects our expectations that, in the next 12 to 24 months, real GDP growth will remain positive and rising, current account surpluses will result in growing usable reserves, general government deficits will continue falling, inflation will subside, and the burden of net general government debt will continue to decline....

  
Report Type:

Research Update

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

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Republic of Suriname Outlook Revised To Stable From Negative On End Of Economic Contraction" Apr 02, 2018. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Republic-of-Suriname-Outlook-Revised-To-Stable-From-Negative-On-End-Of-Economic-Contraction-2015406>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Republic of Suriname Outlook Revised To Stable From Negative On End Of Economic Contraction Apr 02, 2018. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Republic-of-Suriname-Outlook-Revised-To-Stable-From-Negative-On-End-Of-Economic-Contraction-2015406>
  
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