Moody’s trims Mauritius Commercial

Moody’s Investors Service said it lowered Mauritius Commercial Bank Ltd.’s issuer rating to Baa3 from Baa2.

The downgraded follows Moody’s lowering Mauritius government's long-term issuer rating to Baa2 from Baa1 on March 4 and the increasingly difficult environment for banks in the country, Moody’s said.

The outlook is negative.

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