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  Standard & Poor's
Morocco raised to ‘Investment Grade'
  24/03/2010
 
 
 
 
Morocco's foreign currency debt has been raised to “Investment Grade” by Standard & Poor's Ratings Services.

Standard & Poor's has thus raised its long-term foreign currency sovereign credit rating on Morocco to 'BBB-' from 'BB+', and its long-term local currency sovereign credit rating to 'BBB+' from 'BBB'.

Standard & Poor's also raised its short-term foreign currency sovereign credit rating on Morocco to 'A-3' from 'B' and its short-term local currency sovereign credit rating to 'A-2' from A-3'.

It has also raised its transfer and convertibility assessment for Morocco to 'BBB+' from 'BBB'.

in a press release, the Moroccan finance ministry has described this move as a “quantum leap”, which is a result of the reforms undertaken by the kingdom and macro-economic stability of the country.

 
  By CMC
 
   
 
   
 
 
     
 Comments
  A total of 1 comments
1 Ahmed
  I wonder what it will take Morocco to get the sparkling clean AAA rating.

on the same note, Who rates securities in Morocco?

A
 
     
 
 
     
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