Fitch Ratings upgraded the Maldives' Long-Term Foreign-Currency Issuer Default Rating to 'CCC-' from 'CC' after the country repaid a USD 500 million sovereign sukuk in April 2026. Fitch projects economic growth of approximately 4.5 percent annually through 2027, driven by tourism, while warning of continued external and fiscal vulnerabilities.
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Fitch projects economic growth of approximately 4.5 percent annually through 2027, largely supported by rising arrivals of high-end international tourists.
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following the successful repayment of a USD 500 million sovereign sukuk in April 2026 and improved confidence in the country's economic outlook.
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Earlier reports gave $526 million 18 Apr, 21:47 The Standard
Fitch Ratings has upgraded the Maldives' Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC-' from 'CC', citing reduced default risks
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