The Maldives earns its first-ever credit upgrade: how two years of reform turned the country's finances around
Moody's raised the Maldives to Caa1 on 8 October 2026, its first upgrade since it began rating the country in 2016. Here is what the upgrade means, the six reforms since 2024 that earned it, and the numbers that show each one working.
By White Tern