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Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a stable outlook. Morocco’s ‘BB+’ ratings reflect sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable international liquidity buffers, explained the agency in a commentary published on its official website. Fitch indicated that Real GDP growth was stable […]
The Standard & Poors agency has raised Morocco’s sovereign credit rating from ‘BB+/B’ to ‘BBB-/A-3’ with stable outlook thanks to the resilience shown by the country’s economy in the face of consecutive economic shocks, including the one triggered by the instability in global trade because of U.S. trade tariffs. Economic growth prospects are solid, with […]
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, a favorable debt composition and a comfortable external liquidity buffer. Economic growth slowed in 2022 to 1.2% from 7.9% in 2021, as agricultural output contracted by 15% due to a […]
Credit rating agency Standard & Poor’s Global Ratings has maintained Morocco’s sovereign credit rating at BB+/B with a “stable outlook”, attributed to the country’s ongoing structural reforms that will support robust economic growth. “The stable outlook on Morocco reflects our expectation that ongoing structural reforms will support robust economic growth and help counterbalance external and […]
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 external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
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 buffers and low share of foreign-currency debt in public debt. The credit rating agency projects Morocco’s deficit at 3.7 pc of GDP in 2019 and 3.5 pc in 2020, saying […]