S&P: Fiji view to positive

Standard & Poor's said it revised the outlook on the Republic of Fiji to positive from stable.

The agency also affirmed the foreign- and local-currency issuer credit ratings on Fiji at B.

The outlook revision reflects an expectation that Fiji can sustain its economic growth at a rate that is broadly in line with peers of similar per capita income levels, S&P said.

Fiji's transition to democratic rule, if successful, and its continued economic reforms should support a sound growth trajectory, the agency said.

The ratings also consider the country's stabilized external position, including its moderate level of foreign-exchange reserves, S&P said.

However, the country's weak institutional settings, low per capita income, moderate level of government debt and limited monetary-policy flexibility constrain the government's credit-standing, the agency said.

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