Tunisia purge

S&P Affirms Morocco’s Rating At BBB-/A-3 with Stable Outlook

Standard and Poor’s agency has affirmed Morocco’s long- and short-term sovereign credit ratings at ‘BBB-/A-3’ with stable outlook despite uncertainties over the Middle East war and its impact on commodity prices, supply chains, economies, and credit conditions. Morocco has solid buffers that will help it navigate current headwinds, including potential adverse economic impacts and related […]

Sahara-UN: Algeria in collision course with Security Council & the U.S.

The Algerian regime has put itself on a direct collision course with the UN Security Council and the U.S., the penholder of the resolutions on the Sahara, after deciding not to participate in the Sahara roundtable meetings that had brought together Algeria, Morocco, Mauritania and the Polisario Front. In the resolution 2602 (2021) adopted Friday […]

Fitch downgrades three Moroccan banks

Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]