Seychelles' credit surge and Fitch upgrade signal strong economic momentum amid tourism boom |12 September 2025

Seychelles' credit surge and Fitch upgrade signal strong economic momentum amid tourism boom

By Sunny Esparon

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 Seychelles (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 Seychelles’ Fitch rating from ‘BB-‘ to ‘BB’ with a stable outlook.

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