London – Statistical rating organization Fitch Ratings has affirmed Morocco’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB-‘ and ‘BBB’ respectively.
The issue ratings on Morocco’s senior unsecured foreign and local currency bonds were also affirmed at ‘BBB-‘ and ‘BBB’ respectively.
The Outlooks on the Long-term IDRs are Stable, it said.
The Country Ceiling was affirmed at ‘BBB’, and the Short-term foreign currency IDR at ‘F3’.
The affirmation of Morocco’s ratings reflects its resilience during the years of transition following the Arab Spring in early 2011.