22 maj 2020 | Cbonds
downgraded rating of Maldives to B3, kept the negative outlook.
Reasons: the agency anticipates a prolonged damaging effect on the country's tourism. It will undermine economic activity and increase government liquidity risks, exacerbating weak fiscal and external positions. At the same time, challenges to macroeconomic stability will continue given the limited effectiveness of policies and financial buffers to stop a significant deterioration in credit metrics.
revised Australia's outlook to negative, affirmed rating at AAA.
Reasons: the agency expects the GDP growth to deteriorate this year; government spending in response to the health and economic crisis will lead to fiscal deficits and a significant rise in government debt/GDP.