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,...
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