Moody's Investors Service ("Moody's") has today downgraded the Government of Mauritius's long-term foreign and local currency issuer ratings to Baa3 from Baa2, and changed the outlook to stable from negative.

Moody's Investors Service, has downgraded the Government of Mauritius's long-term foreign and local currency issuer rating to Baa2 from Baa1 and maintained the negative outlook.

The central bank of the Indian Ocean island of Mauritius left its key interest rate steady, saying the economy started showing better resilience in the third quarter of last year and the bank's staff had revised upward its forecast for growth this year to 7.9 percent from September's forecast of 7.5 percent.

The central bank of the Indian Ocean island of Mauritius has postponed its scheduled Nov. 25 meeting of its monetary policy committee, saying a new date will be communicated in due course.