Standard & Poor’s agency said Morocco’s outlook has been revised to negative due to an increase in debt and external financing needs due to Covid-19, without change in Credit rating.
Morocco’s rating may be downgraded if real GDP growth rates fall far below expectations or if total external financing needs continue to increase.
It expects a deterioration, far exceeding expectations, in the budget and external financing situation of Morocco due to the severe repercussions of Covid-19.
According to her projections, Morocco’s economic growth will revive in 2021, allowing it to resume structural reforms and budget control strategy.
