Moody’s Maintains Maldives' Credit Rating at Caa2
Global credit rating agency Moody’s has upheld the Maldives’ credit rating at Caa2 , highlighting the government's ongoing financial reforms to…
Debt
Massive Debt Owed to HDC: A Growing Concern for Maldives' Housing Sector
A growing financial crisis is unfolding within the Housing Development Corporation (HDC), with over MVR 1.2 billion owed by several private compan…
Civil Court Orders Fenaka to Withhold MVR 6.7 Million Over Unpaid Dues
The Civil Court has ordered Fenaka Corporation to set aside MVR 6.7 million in its accounts to settle outstanding debts owed to a third party. This…
HDC Announces Plans to Publish Names of Debtors
The Housing Development Corporation (HDC) has announced a major decision regarding outstanding debts owed by individuals and businesses. In a state…
Football Association of Maldives Faces MVR 150 Million Debt Crisis
The Football Association of Maldives (FAM) is now grappling with a debt burden nearing MVR 150 million , a significant increase from its previous …