Moody’s affirms ratings of Mauritian Banks; all outlooks are now stable

29 Jul 2022

Rating actions follow action on Mauritius’ government ratings

Limassol, July 29, 2022 — Moody’s Investors Service (“Moody’s”) has today affirmed all ratings and

assessments of the three rated Mauritian banks, namely: Mauritius Commercial Bank Limited (“MCB”), SBM

Bank (Mauritius) Ltd. (“SBM Bank”), and Absa Bank (Mauritius) Limited (“Absa Mauritius”). As part of the same

rating action Moody’s has changed the outlooks to stable from negative on MCB’s and SBM Bank’s long-term

deposit and issuer ratings. The outlook for Absa Mauritius’ long-term deposit…