VOL. XLII

No. 22

31-May-1999

MOROCCO

TFBW Assigns Senior Debt Ratings To Banque Commerciale DuMaroc

Thomson Financial BankWatch (TFBW) announced on 14 May thatit had assigned a Senior Debt Rating of BB to Banque Commerciale du Maroc andhad affirmed its Short-Term Local Currency Debt Rating of LC-1. The bank is thesecond largest bank in Morocco and at the end of 1998 had the highestcapitalization and profitability in the country. In a statement, the agencysaid the strong capitalization is...