Moody's Upbeat About Mauritius's Policies, Prospects
by Lorys Charalambous, Lowtax.net, Cyprus
07 December, 2015
Moody's Investors Service has maintained the current Baa1 government bond rating for Mauritius with a stable outlook, in a report released on November 24.
Noting the release of the report, the Mauritian Government said Moody's had said the affirmation of the Baa1 rating is mostly related to Mauritius having an impressive record of resiliency; good economic, institutional, and fiscal strength; and low susceptibility to event risk, combined with a healthy economic outlook supported by appropriate fiscal and monetary policies. Moody's said financial sector regulation is also broadly in line with international standards.
Moody's said it had maintained Mauritius's credit rating because of robust economic growth for the territory, supported by a diverse economy, and Mauritius's stable fiscal strength, with the debt-to-GDP ratio likely to fall over the next two to three years.
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