Chief Government Spokesperson Mohamed Hussain Shareef said Maldives' credit rating will continue to improve after Fitch Ratings upgraded the country's Long-Term Foreign-Currency Issuer Default Rating from 'CC' to 'CCC-'. He attributed the upgrade to debt-servicing actions and said previous rating declines were caused by inherited debts rather than the current administration's policies.
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The Fitch report consistently articulates the precise rationale behind any downward or upward adjustments to the nation's standing.
We have now successfully secured an upgrade. The current assessment explicitly acknowledges the positive fiscal measures that facilitated this improvement, while simultaneously outlining further policy actions required for continued progre…
If these recommended steps are not strictly implemented, there remains an inherent risk of a subsequent downgrade. We remain highly optimistic that our credit rating will achieve further enhancements during the next review cycle. The previ…
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Fitch Ratings recently upgraded the country's Long-Term Foreign-Currency Issuer Default Rating from 'CC' to 'CCC-', a level achieved amidst significant challenges, the government noted.
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Mohamed Hussain Shareef, the Chief Government Spokesperson, announced during a 'Presser with the Spox' briefing, addressing strategic measures to elevate the nation's standing.
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