GCR Ratings (a Moody’s Company) Affirms MAGMA Finance’s BBB(MU) and A3(MU) Ratings with a Stable Outlook

Ebene, Mauritius – 30 October 2026

GCR Ratings (GCR), part of Moody’s, has affirmed MAGMA Finance’s national scale long-term and short-term issuer ratings of BBB(MU) and A3(MU) respectively. The Outlook remains Stable. The announcement was published on 29 October 2026.

The affirmation follows GCR’s latest review of MAGMA Finance’s credit profile. It confirms that the company has kept its financial standing steady while continuing to grow its cross-border payments business. The Stable Outlook shows that GCR does not expect the ratings to change in the near term.

“Maintaining our rating with a Stable Outlook is an independent confirmation of the discipline behind our growth. For our clients and partners, it means confidence that their cross-border payments are handled by a financially sound and well-governed company,” said Nitish Caullychurn, Director of MAGMA.

About GCR Ratings

Global Credit Rating Company (GCR) is a leading credit rating agency in Africa and an affiliate of Moody’s Corporation, one of the world’s leading risk assessment firms. GCR rates financial institutions, corporates, public sector issuers and structured finance transactions, and has offices across the continent, including in Mauritius. It develops its own rating methodologies and has its own management team. In Mauritius, GCR holds a Credit Rating Agency Licence from the Financial Services Commission and is recognised by the Bank of Mauritius as an External Credit Assessment Institution (ECAI).

About MAGMA Finance

MAGMA Finance is a Mauritius-based international fintech company specialising in cross-border payments. The company enables businesses to send and receive payments in more than 100 currencies, providing fast, transparent and secure access to global markets.

The full rating announcement is available on the GCR Ratings website.