Mauritius, Government of - Moody's Global Credit Research

Mauritius, Government of

Mauritius, Government of - Moody's Global Credit Research
Mauritius, Government of
Published May 29, 2015
4 pages (2503 words) — Published May 29, 2015
Price US$ 300.00  |  Buy this Report Now

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...[1] Excludes re-exports [2] Sum of Exports and Imports of Goods and Services/GDP [3] Composite index with values from about -2.50 to 2.50: higher values suggest greater maturity and responsiveness of government institutions [4] Series break in 2009 [5] Current Account Receipts [6] Series break in 2009; Excludes re-exports [7] Series break in 2010; Includes Global Business cross-border transactions from 2010 onwards [8] Series break in 2010; Includes Global Business cross-border transactions from 2009 onwards [9] 3-month deposit rate [10] (Interest + Current-Year Repayment of Principal)/Current Account Receipts [11] (Short-Term External Debt + Currently Maturing Long-Term External Debt + Total Nonresident Deposits Over One Year)/Official Foreign Exchange Reserves [12] Liabilities to BIS Banks Falling Due Within One Year/Total Assets Held in BIS Banks [13] Total Foreign Currency Deposits in the Domestic Banking System/Total Deposits in the Domestic Banking System [14] Total Foreign Currency...

  
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Mauritius, Government of
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Mauritius, Government of - Credit Opinion – 2015/06/09 – US$ 150.00 – ...Credit Strengths Mauritius's credit strengths include: - Dynamic and reasonably diversified economy - Stable and investment-friendly business environment - Pragmatic and competent policy-making Credit Challenges Mauritius's credit challenges include: - High public debt relative to peers - The small size of its economy - Vulnerability to global demand volatility Rating Rationale The government of Mauritius's Baa1 ratings reflect () the demonstrated resiliency of the economy and public finances to shocks; (ii) the government's pragmatic and competent policy-making; and (iii) the stable and investment-friendly business environment, which encourages foreign direct investment (FDI). However these credit positives are partially offset by Mauritius's small size and relatively high level of public debt. In the context of our sovereign rating methodology, Mauritius's economic strength is assessed as moderate. Despite its small size (GDP of around $12 billion), the upper middle income economy demonstrates...

Mauritius, Government of - Analysis – 2015/05/28 – US$ 300.00 – ... supports its Baa1 rating, despite its small size. The economy has proven resilient to an unfavourable external environment, thanks to its successful attraction of foreign direct investment (in the financial sector, tourism and real estate) and diversification of exports. The authorities' proactive stance in maintaining Mauritius's attractiveness, coupled with the stable political environment, has contributed to this success. We view political risk as being very low, given the well-established and functioning institutions and the tradition of coalition politics. Mauritius stands out in the region for its ease of doing business, its low taxes, and the importance given to the private sector's views in shaping the economic policy. Lastly, the ample liquidity available in the domestic capital market supports the government's capacity to access local currency denominated funding. The authorities' key challenges are to (1) continue fostering...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Mauritius, Government of" May 29, 2015. Alacra Store. Aug 01, 2015. <http://www.alacrastore.com/moodys-credit-research/Mauritius-Government-of-CTS_600017176>
  
APA:
Moody's Global Credit Research. (). Mauritius, Government of May 29, 2015. New York, NY: Alacra Store. Retrieved Aug 01, 2015 from <http://www.alacrastore.com/moodys-credit-research/Mauritius-Government-of-CTS_600017176>
  
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