Moody's maintains Maldives' rating at Caa2

21 minutes ago

Moody's Ratings on Tuesday maintains Maldives' credit rating at Caa2, which had been a downgrade earlier in September. The global credit ratings agency in its latest Rating Action on Maldives outlook, confirmed the long-term foreign currency backed senior unsecured rating for Maldives Sukuk Issuance Limited at Caa2 with a negative outlook. Moody's further noted that the "materialization of a sizeable currency swap