RATING ANNOUCEMENT

 Axess Limited - CARE MAU A+; Negative/CARE MAU A1+

 Beauport Industries Ltd - CARE MAU A+; Stable

 Chantier Naval de l Ocean Indien Limited - CARE MAU AA- ; Stable 

 CM Structured Products (1) Ltd - CARE MAU A (SO); Stable 

 CM Structured Products (2) Ltd - CARE MAU A+ (SO); Stable / CARE MAU A1 (SO) 

 Emtel Limited - CARE MAU AA-; Negative 

 MAREF Mon Tresor Investments 1 Limited - Prov CARE MAU A (SO); Stable 

 MCB Structured Solutions Ltd - CARE MAU AA (SO);Stable

 Omnicane Thermal Energy Operations (St Aubin) Limited - CARE MAU A+; Stable/CARE MAU A1+ 

 Pick and Buy Limited - CARE MAU A; Stable 

 White Sand Paradise Ltd - CARE MAU BBB+; Stable