Finance Minister Moosa Zameer has said that the decision to maintain the Maldives’ credit rating at Caa2 and revise Moody’s outlook to “stable” reflects the positive impact of the government’s ongoing economic reforms.

In a post on X, Minister Zameer said the improved outlook demonstrates that measures implemented under the directives of former President Dr Mohamed Muizzu have strengthened confidence in the Maldivian economy and financial system. He added that the current administration is taking further steps to address economic vulnerabilities and improve the country’s financial stability.

According to the Minister, key reforms include improving foreign currency liquidity, increasing US dollar earnings, and bolstering the Sovereign Development Fund (SDF). He also noted that the government’s budgetary spending policies have helped ease financial pressures.

Minister Zameer said these efforts have contributed to rebuilding trust in the Maldives’ economic future. He added that the government remains committed to strengthening the nation’s financial position, managing debt responsibly, and ensuring sustainable long-term growth.