
Sun shines on Mauritius as risk experts upgrade sovereign
The Indian Ocean island seems to have turned the corner and is pushing higher in Euromoney’s country risk survey rankings.
26 Aug 2015
The Indian Ocean island seems to have turned the corner and is pushing higher in Euromoney’s country risk survey rankings.
The world’s northernmost borrower is beginning to look like a decent credit again, thanks to stronger financial safeguards and a plan to remove capital controls cementing a recovery now delivering impressive macro-fundamentals.
Only time will tell if snapping up Ukrainian bonds before its creditor negotiations are complete is fortuitous or foolhardy, but what cannot be denied are the enormous risks involved.