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Ratings: Fitch also confirms Morocco’s Triple B
11/28/2017 - Général

After S&P, rating agency Fitch has also confirmed Morocco’s rating as “BBB-” with “stable outlook.” “Morocco’s rating is supported by the stability of the country’s macroeconomic framework, a history of prudential economic policies and a budget deficit lower than the median of the BBB tier.” “The GDP growth has recovered following the severe slowdown induced the 2016 drought”. Fitch is “anticipating on an average of 3.8% for the 2017–2019 period, higher than the BBB median standing at 2.9%.”

Source : Infomédiaire