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.


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


Articles on Credit Rating


19 Jun 2019 - Maldives - Ratings Navigator

27 May 2019 - Correction: Fitch Affirms Maldives at 'B+'; Outlook Stable

21 Mar 2019 - Fitch Rates Maldives' Housing Development Corporation First-Time 'B+'; Outlook Stable

12 Mar 2019 - Moody's announces completion of a periodic review of issuers including Maldives, Government of

02 Oct 2018 - Fitch Ratings: Maldives Election Outcome May Ease Political Tensions

04 Sep 2018 - Moody's: Maldives' credit profile shows healthy growth, but also rising debt, liquidity risks

25 Jul 2018 - Moody's changes Maldives' rating outlook to negative from stable; affirms B2 ratings

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