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Tag: Fitch Ratings
Fitch Ratings highlights Morocco’s resilient liquidity in wake of earthquake
Fitch Ratings has released a note recognizing the impact of the earthquake on Morocco’s fiscal deficit while reassuring remittances from Moroccans abroad and the IMF’s ... Read More
Fitch downgrades four Egyptian banks’ Issuer Default Ratings to “B”
Earlier this May, Fitch downgraded Egypt’s sovereign rating to "B" with a negative outlook. Three of the four banks, whose ratings it downgraded, are public ... Read More
Fitch gives Morocco ‘BB+’ rating with stable outlook
Fitch agency has awarded Morocco 'BB+' rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, ... Read More
A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa
Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and ... Read More
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