VOL. XLVII

No 11

15-March-2004

MOROCCO

RATINGS

S&P Revises Foreign Currency Outlook On Morocco To Positive

Ratings agency Standard & Poors (S&P) on 8 March revised its foreign currency outlook on Morocco to positive from stable, citing the strong improvement in the countrys external liquidity and acceleration in structural reforms. S&P also affirmed Moroccos BB/B foreign currency and BBB/A-3 local currency ratings. The local currency outlook remains stable. Moroccos external...