Moody's confirmed the Maldives' long-term issuer ratings at Caa2 with a negative outlook on Tuesday, concluding the downgrade review it began on 11 September. The agency cited still heightened external liquidity risks and large external debt obligations over the next 12 to 18 months, while acknowledging India's currency swap and recent reforms as positives.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Moody’s Ratings (Moody’s), on Tuesday, confirmed the Maldives’ long-term local and foreign currency issuer ratings at Caa2 with a negative outlook, concluding the downgrade review initiated on 11 September.
Word for word from the report in Maldives Republic. Open the report
The entity [Sukuk] is a special purpose vehicle that is wholly-owned by the Ministry of Finance on behalf of the Government of Maldives and whose debt and trust certificate issuances are, in our view, ultimately the obligation of the Gover…
still heightened external liquidity risks
Meanwhile, given the lack of a comprehensive financing package, we expect the Maldives to continue to be tested on securing bilateral and multilateral financing to shore up external buffers
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Moody’s Ratings (Moody’s), on Tuesday, confirmed the Maldives’ long-term local and foreign currency issuer ratings at Caa2 with a negative outlook, concluding the downgrade review initiated on 11 September.
Word for word from the report in Maldives Republic. Open the report
Moody’s placed the Maldives’ local and foreign currency ceilings at B2 and Caa1 respectively.
Word for word from the report in Maldives Republic. Open the report
Moody’s placed the Maldives’ local and foreign currency ceilings at B2 and Caa1 respectively.
Word for word from the report in Maldives Republic. Open the report
The government’s external debt service amounts to US$600 to US$700 million in 2025 and around a billion in 2026, inclusive of the US$500 million sukuk maturing in April 2026
Word for word from the report in Maldives Republic. Open the report
The government’s external debt service amounts to US$600 to US$700 million in 2025 and around a billion in 2026, inclusive of the US$500 million sukuk maturing in April 2026
Word for word from the report in Maldives Republic. Open the report