Tag: Fitch Ratings
Fitch rates Morocco “BB+” with stable outlook
Fitch Ratings agency has affirmed Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook due to favorable debt composition, reasonably comfortable ... Read More
Fitch Ratings downgrades Tunisia to ‘CCC’
Fitch Ratings has downgraded Tunisia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC' from 'B-', reported Tunisian News Agency TAP. The agency said that the ... Read More
Fitch Ratings highlights resilience of Moroccan banks
Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis ... Read More
Fitch Ratings underscores Morocco’s macroeconomic stability, external liquidity buffers
Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity ... Read More
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 ... Read More
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 ... Read More
Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19
Pressure exerted on Morocco's current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, ... Read More
Morocco’s CDG Capital Fund Receives Fitch Top Rating
Fitch Ratings has assigned “Excellent” score to the Moroccan fund CDG Capital Gestion, with a stable outlook. This top rating has been awarded to the ... Read More
Fitch Affirms Morocco’s BBB-Rating, with Stable Outlook
Fitch Ratings has affirmed Morocco's long-term foreign-currency Issuer Default Rating (IDR) at 'BBB-' with a stable outlook, praising the country’s macroeconomic stability, its comfortable external ... Read More
Fitch Gives Morocco BBB- Rating with Stable Outlook
Fitch Ratings gave Morocco 'BBB-' rating with a stable outlook due to the country’s macroeconomic stability, comfortable external buffers and a low share of foreign-currency ... Read More