Fitch rates Morocco bond BBB-

Fitch Ratings said it assigned a final BBB- rating to Morocco's $1.5 billion bond issuance.

The two bonds consist of $1 billion of 10-year notes with a coupon of 4¼% and spread at issue of 275 basis points over U.S. treasuries, along with $500 million of 30-year notes with a 5½% coupon and spread at issue of 290 basis points over U.S. treasuries.

The rating is in line with Morocco's BBB- long-term foreign-currency issuer default rating with stable outlook, Fitch said.

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