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 its investment grade status - and the fiscal data behind that decision tells an encouraging story
Moody's confirms that Mauritius continues to hold its investment grade rating. Retaining this status is not a given in today's global environment - it signals to international businesses and investors that Mauritius remains a credible, well-managed jurisdiction. Meaningful progress on fiscal consolidation further supports this position.
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.
