Morris confirms son is “investment grade”

The press release issued by rating agency Moody’s late in the evening of July 26, 2024, was intended to be reassuring and balanced. It highlighted the continued high economic growth and the country’s political stability as the main advantages of Mauritius as an international financial center.

In fact, Moody’s “The Mauritian economy has experienced a period of very rapid growth since 2022” and title “Strong institutions and governance, and the ability to withstand external shocks” Discussing the successful bets made by the authorities to get out of the Covid-19 crisis. The rating agency confirmed that fiscal consolidation is progressing well and even confirmed that accelerating the reduction of Mauritius’ debt-to-GDP ratio could lead to an upgrade for the country.

So we have to double down on this and hope to get this sesame seed. Moody’s seems to be optimistic about the decline in the debt-deficit ratio and the introduction of Climate Corporate Responsibility Tax: “The government has demonstrated its commitment to fiscal consolidation by introducing new revenue measures that support debt sustainability and finance additional spending in priority areas such as pensions and renewable energy investment. The introduction of a 2% corporate climate responsibility levy in the FY2025 budget is the government’s latest move to increase its revenue base.”