On September 27th, 2023, The Bank of Mauritius (“The Bank”) expressed its satisfaction with the decisions made by Standard & Poor’s in July 2023, confirming Mauritius’ “investment grade” status, and Moody’s upward adjustment of the country’s financial outlook to Baa1-Baa3.
By awarding Mauritius a BBB-/A-3 Outlook Stable rating, Standard and Poor has cemented the nation’s standing as the sole International Financial Centre in Africa with an investment-grade rating. Standard & Poor’s has acknowledged Mauritius as a significant player in the global financial arena, emphasizing its economic robustness. In a similar vein, Moody’s recognized the country’s substantial growth and fiscal advancements. These favorable developments represent a noteworthy enhancement in Mauritius’ financial position.
The Bank maintains its dedication to stimulating economic growth, ensuring stability, and fortifying resilience. It continues to collaborate with stakeholders through its Committee on International Developments to act in the best interests of the nation and its citizens.
Access the full communiqué HERE.