Credit Rating
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BusinessMoody’s upgrades Maldives credit rating to Caa1
Moody’s has upgraded the Maldives' credit rating from Caa2 to Caa1 with a stable outlook, citing a reduced risk of default after successful debt payments. While the upgrade restores the rating to previous levels, the agency warns of a rising budget deficit and a high debt-to-GDP ratio that remains above 100 percent.
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.
