Moody's complete periodic review, maintains Maldives' credit rating with stable outlook amid debt concerns

Moody's Ratings, formerly known as Moody's Investment Services on Thursday has completed its periodic review of Maldives' credit rating on June 20, 2024, said that the last Caa1 rating issued for the country is still stable despite debt concerns.

The periodic review, which reassess the appropriateness of last issued ratings based on relevant principal methodologies and recent developments, is not an announcement of a credit rating action, said Moody's before summarising its key considerations in its statement issued yesterday.