Fitch Rating
3 articles
ReportIs BML's 'CCC-' rating a win?
Fitch Ratings assigned Bank of Maldives a 'CCC-' rating, reflecting a stable outlook despite significant economic risks. While the bank remains highly profitable, its rating is constrained by the Maldivian government's financial position and a critical shortage of US dollars, highlighting the bank's vulnerability to national instability.
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.
