Moody’s published its annual Credit Analysis report on Mauritius on 27th March 2018. According to this report, the internationally reknown credit agency maintains Mauritius’ very good performance rating of ‘Baa1’ and qualified the Mauritius’ economic outlook as ‘stable’.

This positive rating is based on the country’s strong growth perspective and macroeconomic resilience to external shocks, despite the country’s small size. In particular, the sectors of Tourism, Financial Services and Information and Communication Technology (ICT) are expected to maintain a strong performance.

Furthermore, the agency expects the country’s debt to be reduced and to stabilize at 55% of GDP. This is seen as a very positive assessment, particularly at a time when large-scale infrastructural projects are being launched in the country, such as the expansion of the Port Louis harbor and the improvement of transport networks.

Moody’s also highlighted Mauritius’ efforts in preparing a blueprint for its financial services sector, in view to develop a strategy for maintaining its competitive advantage in this sector and also to adopt international best practices in terms of taxation. The blueprint will provide guidance to operators to move towards higher value added activities and thus further consolidate Mauritius’ position as leading financial services centre at the global level.