Fitch affirms Suriname

Fitch Ratings said it affirmed the issuer default ratings and other outstanding ratings for Suriname as follows: foreign currency issuer default rating at B, local currency issuer default rating at B+ and country ceiling at B.

The outlook is stable.

According to the agency, comparatively low external and public debt ratios as well as manageable debt service requirements support Suriname's ratings.

Nevertheless, Suriname's vulnerability to international commodity price shocks, a weak macroeconomic policy framework and slow progress in the implementation of structural reforms remain as credit weaknesses, Fitch noted.

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