Moody’s(US:MCO) Shang Wu Bu Wang Zhan·2025-08-12 05:35Core Viewpoint - Moody's has maintained Mauritius' sovereign rating at "Baa3" with a negative outlook, indicating significant risks related to fiscal deficit, debt sustainability, and the government's ability to implement credible fiscal reforms [1] Economic Resilience - The economy of Mauritius is recognized for its resilience, stable growth, sound institutional framework, and diversification [1] External Vulnerabilities - The country is highly dependent on imports and is vulnerable to external shocks and climate change [1] Debt Concerns - Government debt is projected to reach 79.1% of GDP by 2025, raising concerns about fiscal sustainability [1] Data Reporting Issues - There are issues regarding the accuracy of reported economic data, which could impact the credibility of fiscal assessments [1] Potential for Rating Improvement - If the government can introduce a credible fiscal reform plan, there is potential for an improvement in the rating outlook [1] Risks of Downgrade - Conversely, if reforms are delayed or risks escalate, there is a possibility of a downgrade in the rating [1] Current Rating Outlook - The likelihood of an upgrade in the rating at this stage is considered low [1]