In the span of 13 months Suriname has received four times a credit rating upgrade from all three large international credit rating bureaus. The major achievements on the external debt and exchange rate front, as well as the new course set to macroeconomic management in early 2011, were being recognized as Fitch improved its rating for Suriname from B to B+ in July 2011 and Standard & Poor’s upgraded the outlook from B+ to BB- in August 2011. As progress continued on these fronts, sustained fiscal discipline was also being taken into account, leading to an improved sovereign debt outlook.
Just after one year, Fitch upgraded Suriname by another step to BB- in July 2012. On August 14, 2012, Moody's Investors Service upgraded the foreign currency rating of the government of Suriname to Ba3 and changed the outlook from stable to positive.
The Central Bank of Suriname is satisfied with these international acknowledgements and will continue on a path of prudent macroeconomic policy. In this regard, the Central Bank will for example support new legislation on a Surinamese Sovereign Wealth Fund and contribute to legislation on other important issues such as credit registration and an investment law.