Guilt increase Suriname gives Moody \u0026 # x27; s concerns

- Suriname will have to take swift measures to put public finances in order, otherwise the country will have even more trouble to continue to pay interest and repayments on its growing government debt. Credit writer Moody's writes this in a report, in which the creditworthiness judgment is immediately reduced.

The report figure for Suriname goes down from B1 to B2. This means that Moody's investors warn against high risks if they invest in debt paper from the Surinamese government. The company also has a negative outlook, which means that a further reduction is likely in the near future.

The government finances of Suriname have deteriorated sharply since 2014. The national debt rose from just over a quarter of the gross domestic product (GDP) to more than 70 percent in 2016. Moody's assumes that the situation will stabilize, but according to the rating agency, there is no rapid improvement because the government does not able to implement structural reforms.