Key Highlights from the Moody's report on Mauritius | May 2026
At Intercontinental Trust Ltd, keeping our clients informed about Mauritius' economic and regulatory landscape is a priority. We are pleased to share some positive highlights from Moody's latest issuer comment on the Government of Mauritius, published on 4 May 2026.
Mauritius retains investment grade rating (Baa3)
Moody's confirms that Mauritius continues to hold its investment grade rating, with meaningful progress on fiscal consolidation underway.
1. FISCAL DEFICIT NARROWING
The government's fiscal deficit has reduced significantly to approximately 5.5% of GDP, down from 9.3% at the end of the previous fiscal year, a clear sign that consolidation efforts are gaining traction.
2. STRONG REVENUE PERFORMANCE
Central government revenues grew by 7.8% year-on-year (July 2025 - February 2026), outpacing nominal GDP growth. Income tax receipts were a standout, rising by 15.8%.
3. TOURISM SECTOR REMAINS RESILIENT
Despite global geopolitical headwinds, Mauritius' tourism industry continues to perform strongly. Tourist arrivals reached 348,000 in Q1 2026, surpassing the 2023–2025 average, a testament to the island's enduring appeal as a world-class destination.
4. MAURITIUS LEADS AFRICA IN DATA TRANSPARENCY
Mauritius has become the first country in Africa - and only the 32nd globally - to adhere to the IMF's Special Data Dissemination Standard Plus (SDDS Plus), the highest international standard for economic data transparency. This is a landmark achievement that reinforces Mauritius's reputation as a well-governed and transparent jurisdiction.
Mauritius' investment grade status, combined with its improving fiscal position and robust tourism sector, continues to affirm its standing as a premier destination for international business and investment. At Intercontinental Trust Ltd, we remain committed to helping you leverage the full potential of this jurisdiction.
