Finance Minister Moosa Zameer credited President Dr. Mohamed Muizzu's fiscal reforms and economic policies for Fitch Ratings' upgrade of the Maldives' sovereign credit rating from CC to CCC-. Zameer said the proposed USD 300 million sukuk by the Bank of Maldives, backed by a government guarantee, is not for financing government spending but for stimulating tourism-led growth.
One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
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the successful repayment of the Maldives’ USD 500 million sovereign sukuk in April, a milestone that eased concerns over the country’s immediate debt obligations.
Word for word from the report in The Standard. Open the report
Earlier reports gave USD 500 million 3 Jun, 22:23 Miadhu$526 million 18 Apr, 21:47 The Standard
the proposed USD 300 million sukuk by the Bank of Maldives, backed by a government guarantee, is not intended to finance government spending or meet the state’s cash flow requirements.
Word for word from the report in The Standard. Open the report
Fitch Ratings’ decision to upgrade the Maldives’ sovereign credit rating from CC to CCC-
Word for word from the report in The Standard. Open the report
the successful repayment of the Maldives’ USD 500 million sovereign sukuk in April, a milestone that eased concerns over the country’s immediate debt obligations.
Word for word from the report in The Standard. Open the report
