Supplementary Analysis:
Aruba Primary Credit Analyst: Richard A Francis, New York (1) 212-438-7348; richard.francis@standardandpoors.com Secondary Contact: Kelli A Bissett-Tom, New York (1) 212-438-7573; kelli.bissett-tom@standardandpoors.com
Table Of Contents Rationale Outlook Summary Statistics Governance And Institutional Effectiveness: Benefits From Support From The Netherlands And Is Focused On Reducing Expenditures Economic Analysis: Tourism Should Continue To Support Economic Growth External Analysis: The Loss Of Oil Exports Will Continue To Pose A Weakness Fiscal Analysis: The Deficit Has Eased, But Remains High Monetary Policy Analysis: Constrained By A Fixed Exchange Rate And A Relatively Small Financial System Local Currency Rating And T&C Assessment Related Criteria And Research
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