Fitch upgrades Maldives rating amid global headwinds

The rating upgrade reflects Fitch’s assessment that default risks have eased considerably, following the successful repayment of the USD 500 million Sukuk in April 2026.
In their press release on 3 June 2026, Fitch Ratings announced an upgrade to the Maldives’ Long-Term Foreign-Currency Issuer Default Rating. 
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Maldives National Debt 94,001,001,001.00 MVR for every single Maldivian

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