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Mauritius Commercial Bank Limited -- Moody's takes rating actions on three banks in Mauritius following the downgrade of Mauritius' government ratings
Published on: Monday 08 March 2021
Rating Action: Moody's takes rating actions on three banks in Mauritius following the downgrade of Mauritius' government ratingsGlobal Credit Research - 09 Mar 2021Limassol, March 09, 2021 -- Moody's Investors Service ("Moody's") has today downgraded by one notch the long-term ratings and assessments of Mauritius Commercial Bank Limited ("MCB") and Absa Bank (Mauritius) Limited ("Absa Mauritius"). As part of the same rating action, Moody's has affirmed the ratings of SBM Bank (Mauritius) Ltd. ("SBM").
