Moody’s shifts Morocco view to negative

Moody’s Investors Service said it changed the outlook on Morocco to negative from stable but affirmed its Ba1 issuer and senior unsecured bond ratings.

“Moody’s decision to change the outlook to negative from stable reflects the medium-term impact of the pandemic on Morocco’s fiscal strength, particularly in light of the subpar economic recovery expected given the economy’s concentrated exposure to sectors and trading partners that have been hard hit by the pandemic,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.