Credit Rating
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BusinessFitch upgrades Maldives to ‘CCC-’ after sukuk payment
Fitch Ratings upgraded the Maldives' credit rating to "CCC-" following the successful settlement of its sukuk obligations. While the repayment and fiscal reforms reduced immediate default risks, the agency warned that high debt and low reserves remain significant challenges for the nation's financial stability.
NewsFitch maintains "Junk" rating for Maldives
According to Fitch, the country is required to repay USD 688 million in the remaining months of 2025, and USD 1.1 billion in 2026. The retained 'CC' rating reflects the vulnerability of the country’s fiscal and external positions.