Fitch Ratings downgrades HDC status to CCC

2 weeks ago

Fitch Ratings, a world-renowned provider of credit ratings, commentary, and research for global capital markets, has reduced the credit rating of the Housing Development Corporation (HDC) to a “CCC” from a “B”.  The agency had reduced the rating of the Maldives to a “CCC” as well, leading to some state officials criticizing the move. Maldivian state officials refused to accept the