The rating firm, Fitch, has upgraded Seychelles’ economic outlook to BB from a BB-, with Outlook Stable.
The upgrade was published in Fitch’s latest report dated 05th September, 2025.
The President of the Republic, Mr. Wavel Ramkalawan has praised this upgrade by Fitch, saying it reflects the hard work of all.
“This positive development is a testament to our nation’s resilience, discipline, and collective commitment to prudent economic management. It reflects the hard work of our people, our institutions, and the steadfast partnership with international financial bodies. Seychelles will continue to build on this momentum, safeguard fiscal stability, and create opportunities for sustain-able growth and prosperity for all Seychellois.”
Vice President Ahmed Afif, the Minister for Finance, National Planning and Trade has congratulated staff of the Ministry for their hard work and perseverance.
“Good results don’t fall off a tree; it comes from consistency, patience and conviction. I am proud of our ministry. It is a small improvement that Fitch has shown but it shows the path we have taken to continuously move ahead and always aiming higher.”
Secretary of State, Mr. Patrick Payet has also expressed his appreciation to all staff of the Ministry.
“This is an important milestone that demonstrates our dedication to our work. Thank you for the long hours, thoughtful solutions and commitment. This achievement stems from everyone’s professionalism, dedication and commitment to sound public finance management. Let’s continue to stay focus and work as a team.”
The rating is the highest for the country and the last time it achieved such a rating was in 2019.