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Fitch rating: confirmation
10/31/2016 - Général

The ratings agency Fitch has confirmed the BBB- rating with a stable outlook, awarded to Morocco for its long-term bonds in foreign currency and for its long-term bonds in local currency.

In its latest rating, the international agency indicated that the evaluation of the Moroccan economy reflected the country’s economic performance, public finances, external financing measures and the structural characteristics, which remain weaker than average.

The agency also recalled that external finances have been strengthened since 2012 due to a combination of lower oil prices and an increase in manufacturing exports.

Source: Infomédiaire