VOL. XLII

No. 06

8-February-1999

MOROCCO

S&P Assign Ratings To Six Moroccan Banks

Standard & Poors (S&P) ratings agency announced on26 January that it had assigned public information (pi unsolicited) ratingsof BB pi to six Moroccan banks Banque Centrale Populaire, Banque Commercialedu Maroc, Banque Marocaine du Commerce Exterieur, Societe Generale Marocaine deBanques, Credit du Maroc and Wafabank.

According to an S&P statement, the agency believes thatdespite a challenging and...