Credit Rating
14 June 2020 Share Tweet

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.


Rating Agency Rating Outlook Date reviewed
Moody's Caal Stable 17 August 2021
Fitch B- Stable 28 October 2021


Articles on Credit Rating

28 October 2021 - Fitch Upgrades the Maldives to 'B-'; Outlook Stable

17 August 2021 - Moody's downgrades Maldives' rating to Caa1, changes outlook to stable

21 May 2020 - Moody's downgrades Maldives' rating to B3, maintains negative outlook

30 Mar 2020 - Fitch Downgrades Maldives to 'B'; Outlook Revised to Negative

19 Nov 2019 - Moody's affirms Maldives' B2 rating; maintains negative outlook

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

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