Moody’s Investors Service has today affirmed Mauritius’s Baa1 government bond rating with a stable outlook. The rating was last changed in June 2012 when Moody's upgraded the rating to Baa1 from Baa2. Since then, the outlook has remained stable.
The affirmation of the Baa1 rating and the stable outlook are based on two key rating factors:
1. The Mauritian economy's significant resiliency as reflected in robust economic growth, supported by the economy's diversification, combined with effective policy support from authorities.
2. Mauritius' stable fiscal strength with a debt-to-GDP ratio that remains elevated at around 56%, but which is unlikely to deteriorate materially over the next two to three years in light of manageable budget deficits.
Source: Moody’s Investors Service
Posted on: 24 November 2015