September 12, 2024 1:57 PM September 12, 2024 1:57 PM
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Moody’s revises Maldives’ credit ranking to CAA2
Global credit rating agency, Moody’s has revised Maldives’ credit ranking to CAA2. As per a statement issued by the credit rating agency, default risks have risen, as foreign exchange reserves - even inclusive of assets held in the Sovereign Development Fund - have remained low with prospects for...