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Morocco’s Central Bank upset at Fitch rating unprofessional move

The degradation of Morocco’s credit rating by Fitch on the eve of a Moroccan issuance of an international bond is unprofessional and unethical, said central bank governor Abdellatif Jouahri. Fitch has recently downgraded Morocco’s credit rating from investment grade to junk ahead of an international bond worth 3 billion dollars sold by Morocco earlier this […]

Morocco one of two African states with investment grade

Morocco offers a platform for companies that want to export as it is one of two only countries with an S&P investment grade, Finance Minister Mohamed Benchaaboun said. He recalled that the same credit rating agency has upgraded Morocco’s outlook to stable further boosting its position in international sovereign debt market. The minister told reporters […]

OIC, Arab League Express Solidarity with Morocco, Condemn Iran’s interference

The Organization of Islamic Cooperation and the Arab League condemned foreign interferences in their member-states’ internal affairs and expressed support for Morocco in its dispute with Iran. Morocco cut diplomatic ties with Iran over its involvement in facilitating an alliance between its proxy Hezbollah and the Algerian-backed separatist group the Polisario. Morocco’s foreign minister said […]