VOL. XLVI

No 26

30-June-2003

MOROCCO

RATINGS

Moodys Revises Morocco Sovereign Rating Outlook To Stable

Ratings agency Moodys Investors Service on 18 June revised the outlook on Moroccos Ba1 foreign currency country ceiling and local currency government bond rating from negative to stable. The move mainly reflects the improvement in the countrys public finances, said the agency. The decision to limit public sector employment last year has further helped this cause, while public debt has also fallen,...