Major credit rating agency revises Curacao’s economic outlook
Jun 18, 2013
NEW YORK, CMC - A major international credit rating agency has revised Curacao’s economic outlook from negative to stable.
The Wall Street-based Standard & Poor’s (S&P) Ratings Service cited the government’s efforts in enhancing its financial situation as the reason for the revision.
“The government raised health care and general pension premiums, as well as raised the retirement age to 65 from 60. As a result, we expect the deficit in the general pension system to gradually return to surpluses over the next decade,” it said in a statement.
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