Business Services Industry
MAURITIUS: MOODY'S CONFIRMS RATINGS OF MAURITIUS COMMERCIAL BANK AND STATE BANK OF MAURITIUS.
IPR Strategic Business Information Database, December, 2007
Moody's Investors Service has today confirmed the Baa2/Prime-2 long-term and short-term foreign currency deposit ratings and the Baa1 foreign currency issuer ratings of Mauritius Commercial Bank and State Bank of Mauritius. At the same time, Moody's has also confirmed the Aa3.za South African National Scale Rating (NSR) of Mauritius Commercial Bank's senior and subordinated obligations under its Medium-Term Note programme.
These rating actions follow the confirmation of Mauritius's Baa2 foreign currency deposit ceiling and Baa1 foreign currency debt ceiling. Moody's notes that the banks' issuer ratings and foreign currency deposit ratings are constrained by the respective sovereign ceilings for such debt. As a result, any future rating action on the...
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