Fitch Assigns BML 'CCC-'; Stable Outlook
RARaajje MV – a month ago
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Bank of Maldives (BML) has been assigned a Long-Term Issuer Default Rating (IDR) of 'CCC-' with a 'Stable Outlook' by Fitch Ratings. BML stated that this rating reflects the bank's financial resilience even in a challenging environment. Fitch has rated BML's local currency long-term IDR as 'CCC+', which is two notches above the Maldives' sovereign rating. Fitch indicated that this reflects the bank's strong standalone financial strength and resilience to challenges compared to the state's financial condition.