S&P Lowers Curacao Outlook

S&P Lowers Curacao Outlook

Caribbean Corporate & Sovereign Strategy

Standard & Poor’s has changed its outlook on Curacao’s A minus rating to negative from stable, it says. The ratings agency cites continued fiscal deterioration. It singles out the public health and pension systems, and points to the government not implementing legislation around retirement age and contributions, as elements under consideration. “The relatively older demographic profile of Curacao has resulted in a lower coverage ratio, with fewer workers covering a larger number of pensioners. T

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