Fitch revises Outlook for Seychelles to positive; affirms at BB-
March 17, 2024
Fitch Ratings has revised the Outlook on Seychelles' Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at 'BB-'.
The revision of the Outlook reflects the following key rating drivers and their relative weights:
Fiscal Outperformance
Continued Debt Reduction
Tourism Receipts Stabilising
Stable Growth
Multilateral Funding Support
Current account deficit (CAD)
Climate Change Vulnerabilities and
ESG - Governance
To access the Fitch press release click on the link below.
fitch-revises-outlook-on-seychelles-to-positive-affirms-at-bb-15-03-2024