Fitch Ratings: Seychelles maintains 'BB-' rating with positive outlook

Fitch Ratings: Seychelles maintains 'BB-' rating with positive outlook
Finance |Author: Betymie Bonnelame | March 18, 2024, Monday @ 11:10| 1283 views


The Ratings, which came out on Friday, stated that tourist arrivals and tourism earnings increased by 5.7 percent and 5.8 percent respectively in 2023. (Gerard Larose)

Seychelles has maintained a credit rating of 'BB-' with a positive outlook from Fitch Ratings with key drivers being relatively high-income levels, strong World Bank Governance Indicators, and a stabilisation of the tourism industry.
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Seychelles satisfied with Fitch’s ‘positive’ outlook rating |21 March 2024
Seychelles satisfied with Fitch’s ‘positive’ outlook rating
(L to r) Mr Commettant, PS Tamatave and Mr Labonte during the press conference

The Ministry of Finance, National Planning & Trade is satisfied with the revised outlook for Seychelles’ long-term foreign-currency issuer default rating (IDR) from a BB- Stable outlook to a BB- Positive outlook, accorded by Fitch Ratings, a global credit rating agency. To continue reading, please click here to subscribe to Seychelles NATION’s e copy
https://www.nation.sc/articles/21561/seychelles-satisfied-with-fitchs-positive-outlook-rating