Moody's lifts Suriname view to stable

Moody's Investors Service said it changed the outlook on the government of Suriname's ratings to stable from negative and affirmed the B2 issuer and senior unsecured ratings.

The outlook revision reflects a view that liquidity pressures have subsided over the past year, Moody's said, and that increased scope for financing from domestic and external sources will ease funding pressures in 2019 and 2020.

The ratings are supported by the country's sizable mining and hydrocarbon resources, favorable investment environment and improved external accounts, the agency said.

The credit challenges include the company's high debt burden and weak debt affordability, structural and economic vulnerabilities due to the country's small size and commodity dependence, Moody's said, and weaknesses in governance.

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