Curacao Gets A Minus Rating

S&P has assigned an A minus long-term rating to Curacao, with a stable outlook, citing its prosperous economy and stronger balance sheet thanks to recent debt relief from the Dutch government. The agency also believes that the recent decision to raise retirement age to 65 from 60 should also strengthen the public sector pension system over the next decade. Several factors are constraining Curacao’s ratings including low per capita GDP and limited monetary flexibility, it adds.