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...
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