VOL. XLVI

No 9

3-March-2003

MOROCCO

Morocco Outlook Revised To Stable Due To Expected Debt Stabilization

Ratings agency Standard & Poor's (S&P) on 21 February revised its sovereign rating outlook for Morocco to stable from negative, reflecting expectations that the government debt burden will stabilize. S&P also affirmed Moroccos BBB/A-3 local currency and BB/B foreign currency ratings. According to credit analyst Luc Marchand, the general government debt burden decreased to 78.0% of...