Maldives

International Economics

With Dollar Reserves Running Out and Ratings Downgrades, Maldives Stares at a Crisis

Photo by Ishan @seefromthesky via CC0 1.0

Fitch Ratings downgraded the debt of the Maldives for the second time in just over two months, suggesting it’s likely to default on bonds.

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Image Credit: iStock Images, nantonov

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