VOL. XLII

No 45

8-November-1999

MOROCCO

TFBW Assigns Senior Debt Rating To Banque Marocaine DuCommerce Exterieur

Ratings agency Thomson Financial BankWatch (TFBW) announcedon 3 November that it had assigned a Senior Debt Rating to Banque Marocaine duCommerce Exterieur (BMCE) of LC-1 Short-term Debt Rating and BB Senior DebtRating. BMCE was established in 1959 by the government to provide foreign tradefinancing to Moroccan corporates and is now one of the largest banks inMorocco, with a network...