Rating Actions in Foreign Currency on March 4, 2021 Moody's | Cbonds Global

Rating Actions in Foreign Currency on March 4, 2021

Moody's downgraded Mauritius's rating to "Baa2", kept a negative outlook.
Reasons: "the weakening in fiscal and economic strength as a result of the shock brought on by the coronavirus pandemic. The large share of economic activity, export earnings and employment derived from tourism and related sectors will weigh on the pace of the economic recovery. This in turn will slow the pace of fiscal consolidation." - Moody's report.