Debt repayments spurred Moody’s upgrade

2 weeks ago

Moody’s has declared that Maldives’ sovereign credit rating has been lifted to Caa1, a rise wrought from the government’s ability to settle its towering external debts whilst ushering in strong measures to capture foreign-currency inflows.  The agency said on Thursday that these efforts have substantially softened the risk of future default, allowing the outlook to remain “stable”. In its latest reading of