SDFC
8 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.
BusinessYousuf Waheed removed from HDC board
Yousuf Waheed has been removed from the Housing Development Corporation board by the Privatization and Corporatization Board. No official reason was given for his dismissal from the role he held since September 2024. Despite this change, he remains the Chief Internal Auditor at the SME Development Finance Corporation.
