Sta­ble Rat­ing

Southasia - - BRIEFS -

Af­firm­ing sta­ble eco­nomic out­look in the Mal­dives, Moody's In­vestors Ser­vice has as­signed lo­cal and for­eign-cur­rency is­suer rat­ings of B2 to the coun­try for the first time in its eco­nomic his­tory. Among the chief fac­tors be­hind the devel­op­ment are the ro­bust GDP growth prospects of the Mal­dives, which are mainly driven by the ex­pan­sion in its tourism sec­tor. Since 1999, tourism in the Mal­dives has raised its per capita in­come three times, which has now crossed the $15,000 in terms of pur­chas­ing power par­ity. Ac­cord­ing to Moody’s, the Mal­di­vian econ­omy is bal­anced by a healthy growth path and mod­er­ate per capita in­come.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.