Fitch ups, pulls Housing Development

Fitch Ratings said it upgraded Maldives-based urban developer Housing Development Corp. Ltd.'s long-term foreign- and local-currency issuer default ratings B- with stable outlook from CCC. Fitch simultaneously withdrew HDC's ratings.

“The upgrade mirrors the rating action on the Maldives' sovereign ratings on Oct. 28, 2021,” Fitch said in a press release.

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