Moody’s reviews Suriname

Moody's Investors Service said it placed the B1 long-term issuer rating and senior unsecured notes of the government of Suriname on review for downgrade.

Moody’s said the review was prompted by the following: (a) Significant deterioration in the government's fiscal position, as reflected in debt ratios that are at higher levels than previously expected; (b) the likelihood that fiscal reforms will proceed more slowly in the absence of an IMF program; and (c) increasing government liquidity risks because financing has shifted toward short-term domestic debt issuance.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.