Moody’s Lifts Suriname

Moody’s Lifts Suriname

Caribbean Corporate & Sovereign Strategy

Moody’s has raised Suriname’s credit rating to Ba3 from B1. The move is based on an assessment of the country’s robust growth, driven by gold mining, petroleum and construction sectors, the agency says. Moody’s expects continued prudent fiscal management and improved debt sustainability, positive short to medium term growth prospects, greater anticipated resilience to external economic shocks and access to concessional financing to multilateral and bilateral creditors. On the negative side, the

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