Reuters
S&P On Morocco
* Morocco ‘BBB-/A-3’ ratings affirmed on continuing consolidation despite forecast of slower growth; outlook stable
* Expect Morocco’s external and fiscal deficits to continue to narrow, supported by public finance reforms and low energy prices
* Affirming our long- and short-term foreign and local currency sovereign credit ratings on Morocco at ‘BBB-/A-3’
* Stable outlook reflects expectation Morocco’s public finance reforms will proceed
* Expect Morocco’s external and fiscal deficits to continue to narrow, supported by public finance reforms and low energy prices
* Expect economic activity to remain vulnerable to volatility in agricultural sector Source text -(bit.ly/1MkeWol)
(Bengaluru Newsroom)
