MMA’s affirms govt’s capability repay external debts

1 week ago

Central bank, Maldives Monetary Authority (MMA) has affirmed the government’s capability to repay external debts following the global credit rating agency, Moody’s revision to Maldives’ credit ranking. In this regard, Moody’s downgraded Maldives’ credit ranking from CAA1 to CAA2. As per the report, the decision to downgrade was driven by the agency’s assessment that default risks have risen materially, as foreign exchange reserves