Tag: Fitch Ratings

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

December 21, 2023

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven ... Read More

Fitch Ratings highlights Morocco’s resilient liquidity in wake of earthquake

September 29, 2023

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”

May 25, 2023

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

April 29, 2023

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

October 3, 2022

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

May 14, 2022

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’

March 22, 2022

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

October 13, 2021

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

May 8, 2021

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

December 16, 2020

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