Suriname suffers two more downgrades

Suriname suffers two more downgrades

Corporate & Sovereign Strategy Economy & Policy Bonds Debt Capital Markets Suriname

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

Already have an account?

Free trial

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

Free Trial