Credit Rating

The sovereign credit rating for the Republic of Maldives is assigned by two of the three major credit rating agencies in the world - Moody’s Investors Service and Fitch Ratings.

The first sovereign credit rating issued and published for the Maldives was in September 2016, where Moody’s assigned a B2 rating for the Maldives. In May 2017, Fitch Rating became the second rating agency to rate the Maldives, with a B+ rating. Maldives has maintained these respective ratings from Moody’s and Fitch since.

Maldives Credit Rating

Rating Agency Rating Outlook Date reviewed
Moody's B2 Negative 25 July 2018
Fitch B+ Stable 15 May 2018

Latest material on Credit Rating


Date Publisher Article
04 September 2018 Moody's Moody's: Maldives' credit profile shows healthy growth, but also rising debt, liquidity risks
25 July 2018 MoF Press Release : Moody's Affirms Maldives B2 Rating
25 July 2018 Moody'sMoody's changes Maldives' rating outlook to negative from stable; affirms B2 ratings
15 May 2018 MoF Fitch Ratings decides to maintain its B+ Sovereign to the Maldives
15 May 2018 Fitch Fitch Affirms Maldives at 'B+'; Outlook Stable
27 April 2018 Fitch Fitch Assigns Maldives' USD Bonds Final 'B+' Rating
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