July 15, 2020
S&P Global Ratings and Fitch Ratings have listed Suriname in default, following an agreement with bondholders earlier this month to delay payments on the country's 9.875% 2023 notes.
Suriname came to terms with creditors to avoid a "traditional payment default," but the agreement still "constitutes a distressed debt restructuring and a default event," Fitch said in a report on Monday.
According to the agreement, Suriname will pay $15 million towards its 2023 notes on December 30, followed by
S&P and Fitch now list the country in default after a restructuring agreement with bondholders earlier this month