VOL. XLIV

No 47

19-November-2001

MOROCCO

S&P Lowers Moroccos Rating Outlook To Negative

US ratings agency Standard &Poors said on 2 November that it had lowered its outlook on Morocco tonegative from stable, but is maintaining the triple B/A-3 local currency anddouble B/B foreign currency credit ratings. The change in outlook reflects thecountrys weakened fiscal stance, and the pressures that continued high fiscaldeficits are likely to exert on price and exchange rate stability, according...