Maldives financial situation in jeopardy
Malé, (UNI) Fitch Ratings, a prominent credit rating agency globally, has downgraded the Maldives’ long-term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, drawing attention to the potential for the island nation to become deeply indebted, the island nation’s media reported on Thursday. Fitch publicised a report on Wednesday, revealing that Maldives long-term IDR has been…