9 Apr 2014

Moody's rates Fiji positive as democracy nears

7:11 pm on 9 April 2014

Moody's Investors Service says Fiji's economy is experiencing robust growth on the back of an upturn in business confidence and investment, which have been spurred by an improving political outlook.

The ratings agency has given Fiji a sovereign credit rating of B1 with a stable outlook.

It says fiscal and debt consolidation have bolstered creditworthiness.

Moody's says Fiji is emerging from an extended period of heightened political uncertainty that began with the 2006 military coup as it now moves towards the restoration of electoral democracy this year.