Mauritius Attains ‘Investment Grade’ Status with S&P’s BBB-/A-3 Rating

Mauritius has attained an “Investment Grade” status with Standard & Poor’s (S&P) BBB-/A-3 Outlook Stable rating.

According to the Ministry of Finance, this inaugural rating consolidates the country’s position as a unique international financial centre for qualitative investments in Africa.”

S&P considered factors such as strong real GDP growth per capita, efficient policy formulation, and a stable political environment in their evaluation.

Mauritius recorded a 8.8% growth rate last year, and S&P forecasts a robust economic progress with a projected growth rate of 5.5% this year and an average of 4.3% from 2023 to 2026.

The agency also reportedly praised the country’s efforts in “budgetary consolidation” to reduce public debt and target a budget deficit below 3% of GDP by 2026.

The Ministry of Finance sees this rating as a testament to investors’ confidence in the Mauritian authorities.

Source: Defi Media