VOL. XLII

No 50

13-December-1999

MOROCCO

Moody痴 Warns That Moroccan Banks Face Credit Risk...

US ratings agency Moody痴 Investors Service warned on 6December that "credit risk is the biggest single risk for Moroccan banksas they broaden their lending net to include small and medium-size companiesand as trade deregulation exposes the whole economy to more competition."Increased competition, according to the agency, has led to margin erosion, andthe only way to improve returns on assets and equity...