HDFC maintain the quality standards set by its regulatory body Maldives Monitory authority (MMA), the central bank, in addition to the bench marks set by the IFC and ADB. Every year interim plus annual audit conducted through international audit firm such as KPMG, PWC, and E&Y in addition to the regular internal audit.
At the beginning of the year 2013, HDFC issued first ever rated and listed bond in the Maldives. This bonds issue has been rated by Credit Analysis and Research Ltd (CARE) with rating of CARE MLD AA (This rating definition signifies a high degree of safety regarding timely servicing of financial obligations, in Maldives, with very low credit risk).
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For more information about Care Rating Maldives, visit http://www.careratingsmaldives.com