Moody’s Ratings has affirmed Morocco’s stable credit outlook at Ba1, saying the rating reflects Morocco’s institutional strengths and robust external position. “The stable outlook reflects our expectation that the government will pursue economic and social reforms to improve the economy’s resilience to shocks while keeping the debt burden stable,” Moody’s said. “We expect the government […]
Spanish Prime Minister Pedro Sanchez excluded foreign minister Arancha Gonzalez Laya following a government reshuffle that left key portfolios intact. Jose Manuel Albares was named new foreign minister, while Isabel Rodriguez will become the new government spokesperson and territories minister. Laya was rebuked for triggering and mismanaging a crisis with Morocco after she was found […]
French dairy company Danone announced that sales will grow by 3.3% this year despite a consumer boycott has slashed the company’s profits in Morocco. The company was able to offset setbacks in Morocco and Brazil as sales were mainly driven by Chinese consumers who snapped up more infant formula while dairy sales picked up in […]
