VOL. XLVII
No 11
15-March-2004
MOROCCO
RATINGS
Banque Centrale Populaire Outlook Revised To Positive
Following the revision of Moroccos sovereign outlook, S&P revised its outlook on Morocco-based Banque Centrale Populaire (BCP) to positive from stable and affirmed all ratings on the bank. The positive outlook on BCP mainly reflects that on Morocco, as the bank has significant direct exposures to the sovereign and its shareholding structure will remain, by law, directly and indirectly dominated...
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