The newly assigned ratings underscore the company’s commitment to trust, transparency, and resilience in Mauritius’s evolving financial landscape.
MAGMA Finance has achieved a key milestone in its growth journey, receiving national scale issuer ratings from GCR Ratings, part of Moody’s Corporation. The assessment affirms the company’s strong credit profile and reinforces its position within Mauritius’s financial sector.
GCR Ratings has assigned MAGMA Finance national scale issuer ratings of BBB(MU) for the long term and A3(MU) for the short term, with a Stable Outlook.
This recognition reflects the company’s financial strength, prudent risk management, and ongoing commitment to transparency and sound governance.
GCR Ratings is one of Africa’s leading credit rating agencies and part of Moody’s Corporation. The agency provides independent credit opinions across emerging markets, including Mauritius, applying rigorous analytical standards to assess financial and corporate institutions.
On GCR’s national scale, the assigned BBB(MU) rating aligns with Mauritius’s own sovereign standing, highlighting MAGMA Finance’s robust position within the local financial ecosystem.
MAGMA Finance continues to strengthen its position in the Mauritian fintech and payments sector, supporting innovation, reliability, and sustainable value creation for its stakeholders.
About GCR Ratings
GCR Ratings (Global Credit Rating Co.) operates across more than 20 African markets and has been part of Moody’s Corporation since 2022. GCR provides independent credit ratings and research that help investors and stakeholders make informed decisions in emerging economies.
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