Fitch affirms Suriname

Fitch Ratings said it affirmed Suriname's foreign currency issuer default rating at B and the local currency IDR at B+.

The outlook on both is stable.

In addition, Fitch said it affirms the country ceiling at B.

A low level of public sector and external debt, as well as a low debt servicing requirement support the long-term issuer default rating assigned to Suriname, the agency said.

Nevertheless, these credit strengths are offset by a weak track record of public finance management and implementation of structural reforms, areas that need to be strengthened in light of Suriname's vulnerability to international commodity price shocks, the agency noted.

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