91Ï㽶ÊÓƵ' credit surge and Fitch upgrade signal strong economic momentum amid tourism boom |12 September 2025
91Ï㽶ÊÓƵ' credit surge and Fitch upgrade signalÌýstrong economic momentum amid tourism boom
By Sunny Esparon
Ìý
Statistics have shown that the amount of credit which has gone to the private sector in July 2025 has increased by 15 percent which adds up to US $1544 million compared to July 2024.
This was announced by the Second Deputy Governor of the Central Bank of 91Ï㽶ÊÓƵ (CBS), Mike Tirant, who was joined by the Secretary of State, Patrick Payet and Principal Secretary for Finance Astride Tamatave in a press conference held on Wednesday morning to discuss the change in 91Ï㽶ÊÓƵ’ Fitch rating from ‘BB-‘ to ‘BB’ with a stable outlook.