Suriname scraps bond, may tap banks - Fitch

Suriname scraps bond, may tap banks - Fitch


Suriname has shelved plans to debut in the foreign bond market and instead is planning to raise around $200m through international commercial loans in 2014 and 2015, a Fitch analyst told LatinFinance. The rating agency has affirmed Suriname’s BB- rating, as it noted the country’s fiscal deterioration in 2013, while also signaling potential for economic improvement with mining developments. The country met bond investors for a potential $600m 2013 bond last year, and planned to invest p

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