Suriname’s credit rating was upgraded by Moody’s Ratings as major drillers approved projects to develop the first oil discoveries off the coast of the tiny South American nation.
The firm raised Suriname’s rating to Caa1 — seven levels into junk — from Caa3 and changed the outlook to positive from stable, citing the anticipated “economic and fiscal windfalls” tied to the major offshore oil project in a statement released Tuesday.
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Publish date : 2024-10-22 10:09:00
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