Government of Mauritius - Baa3 stable: Annual credit analysis - Moody's Global Credit Research

Government of Mauritius - Baa3 stable: Annual credit analysis

Government of Mauritius - Baa3 stable: Annual credit analysis - Moody's Global Credit Research
Government of Mauritius - Baa3 stable: Annual credit analysis
Published May 26, 2023
31 pages (14690 words) — Published May 26, 2023
Price US$ 750.00  |  Buy this Report Now

About This Report

  
Brief Excerpt:

...The credit profile of Mauritius reflects its dynamic and reasonably diversified economy, which, along with a stable and investment-friendly business environment, has historically supported stable growth rates. The government has a track record of sound economic policy, and has demonstrated a high degree of adaptability to changes in the external environment, which supported economic growth and diversification, and higher per capita income. Robust institutions and governance help attenuate Mauritius' exposure to environmental risks. Mauritius' main credit constraints stem from a relatively high government debt burden and high dependence on tourism. Notwithstanding the government's efforts to the diversify the economy, including the development of an offshore financial sector, its small size and high openness to trade make it vulnerable to external shocks. The stable outlook incorporates our view that the headline fiscal and debt metrics will further improve, with the debt burden falling...

  
Report Type:

Issuer In-Depth

Company:
Issuer
Mauritius, Government of
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Government of Mauritius Baa3 stable: Regular update - Credit Opinion – 2024/01/24 – US$ 250.00 – ...Mauritius' credit profile reflects its robust governance and institutions,including a business- friendly investment environment. This helps attenuate the risks from the sovereign's exposure to environmental risks....

Government of Mauritius Baa3 stable: Regular update - Credit Opinion – 2023/07/25 – US$ 250.00 – ...Mauritius' credit profile reflects its relatively high debt burden, and its small size and exposure to shocks, set against a business-friendly investment environment, which has historically supported relatively high and stable growth rates. Robust governance and institutions help attenuate Mauritius' exposure to environmental risks....

Government of Mauritius Baa3 stable: Regular update - Credit Opinion – 2023/01/30 – US$ 250.00 – ...Mauritius' credit profile reflects its relatively high debt burden, and its small size and exposure to shocks, set against a business-friendly investment environment, which has historically supported relatively high and stable growth rates. Robust governance and institutions help attenuate Mauritius' exposure to environmental risks....

Government of Mauritius Baa3 stable: Update following methodology update - Credit Opinion – 2022/12/06 – US$ 250.00 – ...[1] Fiscal years ending June 30, e.g. 2019 refers to fiscal year 2018/19 [2] Current Account Receipts [3] Excludes re-exports [4] (Short-Term External Debt + Currently Maturing Long-Term External Debt + Total Nonresident Deposits Over One Year)/Official Foreign Exchange Reserves [5] Series break in 2009 Source: Moody's Investors Service...

Government of Mauritius: FAQ on policy effectiveness, public finances and growth - Issuer In-Depth – 2022/09/23 – US$ 750.00 – ...Mauritius (Baa3 stable) was one of the most severely affected sovereigns by the consequences of the coronavirus pandemic, when the closure of international borders hit the country's tourism sector. Very large fiscal stimulus and other policy measures prevented contagion to the financial sector, but Mauritius's credit profile has weakened over the past two years. In this report, we explore the factors that have affected the sovereign's creditworthiness. + What are the main factors affecting institutions and governance strength in Mauritius? The quality and effectiveness of institutions and policymaking in Mauritius have been weakening, in turn hampering the country's economic resiliency and capacity to absorb future economic shocks. In particular, a reliance on unconventional, one- off measures, such as central bank financing of the deficit and asset sales, have made uncertain the anticipated recovery in fiscal strength and ability to reverse the pandemic- driven deterioration in economic...

Government of Mauritius Baa3 stable: Update following rating downgrade to Baa3, change of outlook stable - Credit Opinion – 2022/07/28 – US$ 250.00 – ...Mauritius's credit profile reflects its relatively high debt burden, as well as its small size and exposure to shocks, set against a business-friendly investment environment, which has historically supported relatively high and stable growth rates. Robust governance and institutions help attenuate Mauritius's exposure to environmental risks....

Moody's downgrades Mauritius's rating to Baa3, changes outlook to stable - Rating Action – 2022/07/28 – US$ 180.00 – To the extent permitted by law, MOODY'S and its directors, officers, employees, agents, representatives, licensors and suppliers disclaim liability to any person or entity for any indirect, special, consequential, or incidental losses...

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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. "Government of Mauritius - Baa3 stable: Annual credit analysis" May 26, 2023. Alacra Store. Apr 24, 2024. <http://www.alacrastore.com/moodys-credit-research/Government-of-Mauritius-Baa3-stable-Annual-credit-analysis-PBC_1366360>
  
APA:
Moody's Global Credit Research. (). Government of Mauritius - Baa3 stable: Annual credit analysis May 26, 2023. New York, NY: Alacra Store. Retrieved Apr 24, 2024 from <http://www.alacrastore.com/moodys-credit-research/Government-of-Mauritius-Baa3-stable-Annual-credit-analysis-PBC_1366360>
  
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