NEW YORK, NY -- The CARICOM nation of Suriname yesterday got a boost on its credit rating from the Standard & Poor's agency.
The S&P raised its long-term foreign currency sovereign credit rating on Suriname to "B" from "B-." The agency cited efforts by the Ronald Venetiaan government to pay bilateral lenders and the solid growth prospects of the country as the reason behind the rating boost.
S&P also raised its long-term local currency for the country from "B+" from "B" and affirmed its "B" short-term sovereign credit ratings.
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