Maldives’ (B2 stable)

Maldives uses borrowings only for capital expenditure: Central Bank Chief

By Maldives Times December 1, 2017 6 min read

Maldives Monetary Authority Governor Ahmed Naseer has said that since the expected total revenue (excluding grants) of the Government is 1.3 times higher than the expected current expenditure, the revenue is sufficient to cover current expenditure, and funds raised from borrowings are used solely for capital investments. On 22 November, a National Budget of MVR27.9 […]

Moody’s says Government of Maldives proposed tap issuance has no ratings impact

By Maldives Times November 29, 2017 2 min read

Moody’s says the Maldives’ (B2 stable) announcement of a tap bond offering on its existing $200m 7.0% notes due 2022 will carry the B2 rating of the senior unsecured US dollar-denominated notes issued in June 2017, based on the preliminary prospectus. The senior unsecured notes will rank pari passu with all of the Government of […]