Suriname – Moody’s upgrades credit rating

Moody’s Ratings upgraded Suriname’s credit rating by two notches from Caa3 to Caa1 and changed the outlook to positive, following approval of major offshore oil projects. The upgrade is driven by expected high economic growth and substantial government revenue from oil production, which will significantly surpass the country’s debt and financing needs. Additionally, Suriname has reduced its government debt through fiscal and economic reforms over the past three years, achieving a primary surplus and anticipating further debt decline. Analysts David Rogovic and Mauro Leos highlighted these positive developments. Meanwhile, S&P Global Ratings maintains Suriname’s rating at CCC+ with a stable outlook.