Economic Minister Mohamed Saeed on Friday described the current administration as “bold and courageous”, hailing its decision to publicise country’s first sovereign credit rating.
Saeed told PSM News that, despite the chance to do so, previous administrations had failed to be transparent and publicise the country’s economic status.
Citing that the country’s economic status is vital information for prospective investors, Saeed said the administration’s move is set to attract more foreign investments. The data shows the returns prospective investors can gain by doing business in the Maldives, he said.
The credit rating for Maldives was publicised by “Moody's Investors Service”, one of the top credit rating agencies of the world. Moody’s rated the Maldives as “B-2” in their index.