VOL. XLIV
No 51
17-December-2001
MOROCCO
Moodys Rates Morocco Local Currency Ba1; Cuts Foreign Currency CeilingTo Negative
US ratings agency MoodysInvestors Service announced on 3 December that it had assigned a Ba1 rating toMoroccos local currency bonds and changed the outlook on its Ba1 foreigncurrency ceiling to negative from stable. The newly assigned rating and outlookchange reflects a poor fiscal performance, said Moodys, noting that widebudget deficits result from a large and growing wage...
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