{"id":15275,"date":"2023-09-27T14:14:41","date_gmt":"2023-09-27T10:14:41","guid":{"rendered":"https:\/\/edbmauritius.org\/?post_type=newsroom&#038;p=15275"},"modified":"2023-09-27T15:06:34","modified_gmt":"2023-09-27T11:06:34","slug":"standard-poors-reaffirms-the-investment-grade-status-of-mauritius-and-moodys-upgrades-the-sovereign-scorecard-indicated-outcome-to-baa1-baa3","status":"publish","type":"newsroom","link":"https:\/\/edbmauritius.org\/newsroom\/standard-poors-reaffirms-the-investment-grade-status-of-mauritius-and-moodys-upgrades-the-sovereign-scorecard-indicated-outcome-to-baa1-baa3","title":{"rendered":"Standard &#038; Poor\u2019s reaffirms the \u201cinvestment grade\u201d status of Mauritius and Moody\u2019s upgrades the sovereign Scorecard-indicated outcome to Baa1-Baa3"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15275\" class=\"elementor elementor-15275\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-da572b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"da572b1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6846a6e\" data-id=\"6846a6e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2991850 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2991850\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The Bank of Mauritius (Bank) welcomes the decision taken by Standard &amp; Poor\u2019s on the 21st of July 2023 to confirm the \u201cInvestment grade\u201d status of Mauritius and the release of a Credit Opinion by Moody\u2019s on 25th July 2023 reviewing upwards the Scorecard-indicated outcome of Mauritius to Baa1Baa3.<\/p><p>On one hand, by allocating a BBB-\/A-3 Outlook Stable rating to Mauritius, Standard and Poor\u2019s strengthens the country\u2019s position as the only International Financial Centre with an investment grade rating across Africa. In effect, Standard and Poor\u2019s highlights that \u201cMauritius has over the past couple of decades also positioned itself as a global financial center, which is now significantly larger than that of peers in the region and approaching the size of more advanced global financial centers\u201d. The rating agency equally states that it expects Mauritius will continue to attract GBC inflows, supported by its quite rapid exit from the FATF list.<\/p><p>The Bank notes that Standard &amp; Poor\u2019s has underlined in its official communiqu\u00e9 that \u201cMauritius is among the wealthiest countries in Africa, with an estimated $11,400 GDP per capita in 2023\u201d and that the country\u2019s \u201creal GDP per capita trend growth is well above that of sovereigns in the same GDP per capita category.\u201d<\/p><p>On the other hand, in view of the robust growth registered by Mauritius in 2022 and the significant progress made by the Mauritian authorities on the front of fiscal consolidation, Moody\u2019s has revised upwards the country\u2019s Fiscal strength to Baa3 as well as the Government financial strength to Baa1.<\/p><p>Overall, these positive changes have resulted in the substantial upgrade by Moody\u2019s of Mauritius\u2019 Scorecard-indicated outcome from Baa3-Ba2 in May 2023 to currently Baa1-Baa3.<\/p><p>The Bank reiterates its commitment to serve the best interests of the country and the Mauritian population. The Bank will therefore pursue its strategy to put in place policy measures conducive to macroeconomic and financial stability that drives the country\u2019s economic growth and its resilience to external shocks. In this respect, the Bank will continue to work closely with the stakeholders through its Committee on International Developments.<\/p><p><em>Source: <a href=\"https:\/\/www.bom.mu\/sites\/default\/files\/media_release_-_28_july_2023_-_sp_and_moodys_.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Bank of Mauritius<\/span><\/a><\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9ec72d2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9ec72d2\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fa83f26\" data-id=\"fa83f26\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f37a8b elementor-widget elementor-widget-heading\" data-id=\"3f37a8b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h5 class=\"elementor-heading-title elementor-size-default\">Share this article<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80b6ca8 elementor-share-buttons--view-icon elementor-share-buttons--skin-flat elementor-share-buttons--shape-circle social_share elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-share-buttons\" data-id=\"80b6ca8\" data-element_type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/edbmauritius.org\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-share-buttons.min.css\">\t\t<div class=\"elementor-grid\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\">\n\t\t\t\t\t\t<div\n\t\t\t\t\t\t\tclass=\"elementor-share-btn 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0-59.3-25.2-115-67.1-157zm-157 341.6c-33.2 0-65.7-8.9-94-25.7l-6.7-4-69.8 18.3L72 359.2l-4.4-7c-18.5-29.4-28.2-63.3-28.2-98.2 0-101.7 82.8-184.5 184.6-184.5 49.3 0 95.6 19.2 130.4 54.1 34.8 34.9 56.2 81.2 56.1 130.5 0 101.8-84.9 184.6-186.6 184.6zm101.2-138.2c-5.5-2.8-32.8-16.2-37.9-18-5.1-1.9-8.8-2.8-12.5 2.8-3.7 5.6-14.3 18-17.6 21.8-3.2 3.7-6.5 4.2-12 1.4-32.6-16.3-54-29.1-75.5-66-5.7-9.8 5.7-9.1 16.3-30.3 1.8-3.7.9-6.9-.5-9.7-1.4-2.8-12.5-30.1-17.1-41.2-4.5-10.8-9.1-9.3-12.5-9.5-3.2-.2-6.9-.2-10.6-.2-3.7 0-9.7 1.4-14.8 6.9-5.1 5.6-19.4 19-19.4 46.3 0 27.3 19.9 53.7 22.6 57.4 2.8 3.7 39.1 59.7 94.8 83.8 35.2 15.2 49 16.5 66.6 13.9 10.7-1.6 32.8-13.4 37.4-26.4 4.6-13 4.6-24.1 3.2-26.4-1.3-2.5-5-3.9-10.5-6.6z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Bank of Mauritius (Bank) welcomes the decision taken by Standard &#038; Poor\u2019s on the 21st of July 2023 to confirm the \u201cInvestment grade\u201d status of Mauritius and the release of a Credit Opinion by Moody\u2019s on 25th July 2023 reviewing upwards the Scorecard-indicated outcome of Mauritius to Baa1Baa3.<\/p>\n","protected":false},"author":3,"featured_media":15277,"comment_status":"closed","ping_status":"closed","template":"","meta":{"post_views_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[9],"tags":[33],"class_list":["post-15275","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","category-business-facilitation","tag-featured"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/newsroom\/15275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/newsroom"}],"about":[{"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/types\/newsroom"}],"author":[{"embeddable":true,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/comments?post=15275"}],"version-history":[{"count":7,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/newsroom\/15275\/revisions"}],"predecessor-version":[{"id":15283,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/newsroom\/15275\/revisions\/15283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/media\/15277"}],"wp:attachment":[{"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/media?parent=15275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/categories?post=15275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edbmauritius.org\/wp-json\/wp\/v2\/tags?post=15275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}