Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

MOROCCO

Moroccos Long-Term Foreign Currency Rating To BB +, Says S&P

Standard & Poor's (S&P) on 9 August raised its long-term foreign currency sovereign credit rating on Morocco to BB+ from BB. The BBB long-term local currency, B short-term foreign currency, and A-3 short-term local currency ratings were affirmed and the outlook remains stable. The upgrade reflects an improved external position and the government's ongoing...