economy

Communiqué: Moody’s report

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’.
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Bonnie Qiu: “FX deposits remained stable despite Covid-19 crisis”

Cover Story: In spite of the crisis, the banking sector has remained resilient, states the CEO of HSBC and Chairperson of the Mauritius Bankers Association. For instance, as at end of March 2021, banks’ capital adequacy ratio stood at 18.7%, comfortably above the regulatory minimum 11.9%. Similarly, the quality of…
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