Fitch Ratings has upgraded the Maldives’ credit rating from “CC” to “CCC-,” a move attributed to the government’s robust measures in managing and meeting debt obligations, according to Chief Spokesperson Mohamed Hussain Shareef. He noted that while previous downgrades were linked to inherited debt and existing repayment frameworks, the current upgrade signifies bolstered investor confidence and a recovering economy. The government aims to achieve further improvements in the nation’s credit rating through ongoing fiscal reforms.
