Saturday, February 15, 2014

Moody’s downgrades Suriname economic outlook

The US-based international credit rating agency, Moody’s Investors Service, has changed the outlook on Suriname's Ba3 government bond rating from positive to stable. The Wall Street-based agency attributed the change to deterioration in the government's fiscal performance and rising debt levels, despite rapid economic growth”.

Moody’s also said the change resulted from the “impact of lower anticipated reference level prices for key commodities on Suriname's fiscal performance”

More details here...

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