Fitch upgrades Suriname on standstill agreement

Fitch upgrades Suriname on standstill agreement

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Asset Management Funds Suriname

Fitch Ratings said Thursday that it lifted Suriname's sovereign credit ratings out of default after bondholders agreed to wait until March next year to receive interest payments on the country's 2023 and 2026 notes. Fitch upgraded Suriname to C from RD, or restrictive default, saying the standstill agreement with creditors signalled the "completion of a distressed debt exchange (DDE) event." Suriname closed a deal on December 4 to reschedule $48.5 million in debt service payments from October an

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial