Thursday 28 July 2022 : The Mauritius Bankers Association Limited (MBA) has taken cognizance of the decision by Moody’s Investors Service (Moody’s) to review the Government of Mauritius rating from Baa2 to Baa3 with a stable outlook, on 28 July 2022.
Similarly to most countries in the world, Mauritius has been adversely affected by the ongoing economic effects of the Covid-19 pandemic and of the Ukraine-Russia conflict.
In spite of this change of rating, Mauritius remains the only investment-grade International Financial Centre in Africa. Banks operating in Mauritius remain stable, highly liquid, with comfortable capitalisation levels and buffers, and have demonstrated sustained resilience since pre-Covid times.
We also note the stable outlook, which reaffirms the status of Mauritius as a stable jurisdiction for domestic as well as cross-border investments.