On September 27th, 2023, The Bank of Mauritius (“The Bank”) welcomed the Standard & Poor’s decision taken in July 2023 to confirm Mauritius’ “investment grade” status and Moody’s upward revision of the country’s financial outlook to Baa1-Baa3.
By giving Mauritius a BBB-/A-3 Outlook Stable rating, Standard and Poor has solidified Mauritius’ position as the only International Financial Centre in Africa with an investment-grade rating. Standard & Poor’s recognized Mauritius as a significant global financial center and highlighted its economic strength, while Moody’s acknowledged the country’s strong growth and fiscal progress. These positive developments mark a notable improvement in Mauritius’ financial standing. The Bank remains committed to fostering economic growth, stability, and resilience, collaborating with stakeholders through its Committee on International Developments to serve the best interests of the nation and its people.
Read the full communiqué HERE.
