International credit ratings agency, Fitch has withdrawn Suriname’s Long-Term and Short-Term- Currency Issuer Default Rating (IDR) and Country Ceiling ratings.

Fitch said it was withdrawing Suriname’s ratings as the issuer has chosen to stop participating in the rating process.

Therefore, Fitch will no longer have sufficient information to maintain the ratings.

Accordingly, Fitch said it would no longer provide ratings (or analytical coverage) for Suriname. Prior to the withdrawal, Fitch affirmed Suriname’s Long-Term Foreign Currency IDR at ‘RD’.

This reflects the fact that Suriname is not servicing its 2023 and 2026 USD notes, which Fitch views as an event of default.

Suriname’s Long-Term Foreign Currency IDR has remained at ‘RD’ since April 1, 202.