Middle East Economic Survey

VOL. LIII

No 13

29-March-2010

MOROCCO

S&P Raises Moroccos Foreign Currency Rating On Improving Economic Flexibility

Standard & Poors Ratings Services (S&P) on 23 March raised its long term foreign currency sovereign credit rating on Morocco to BBB- from BB+, and its long term local currency sovereign credit rating to BBB+ from BBB. Short term foreign currency sovereign credit rating on the Kingdom was also raised to A-3 from B and its short term local...