Friday 31 January 2025: The Mauritius Bankers Association Limited (MBA) has taken cognizance of Moody’s rating agency’s latest report for Mauritius, released on 30 January 2025. Mauritius retains its Baa3 rating, but the outlook is revised from ‘stable’ to ‘negative’.
The MBA welcomes the retention of the ‘Baa3’ score and the Investment grade status, which is important for the Mauritian financial centre.
The report highlights important fiscal challenges and the need for urgent reforms. However, it also underscores the strength of the financial sector, with an A2 rating (a four-notch gap above the country rating), and Mauritius’s economic strength score of ‘baa2’ (one notch above country rating).
The banking sector remains stable and well-capitalised, with strong growth prospects. The MBA maintains an ongoing dialogue with public authorities on these important issues, and continues to support the implementation of these reforms.
About the MBA:
The Mauritius Bankers Association Limited (MBA) is the industry association for the Banking sector. The Association, which was set up in 1967, aims to nurture an innovative, competitive and trustworthy banking environment. It serves as a voice for the banking industry and represents its members as it works closely with stakeholders towards the development of the banking sector in Mauritius.