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FinancialNews
08-10-19
Moroccan S&P's rating upgraded
(MENAFN) Outlook of the credit rating of Standard & Poor's for Morocco was upgraded to reach a stable level instead of a negative one.
S&P's further announced in a report that its credit rating for Morocco remained at the existing scale of BBB- / A-3.
Morocco is forecast for a 2.8 percent real GDP growth in 2019 amid a drop in external demand as well as agricultural production, S&P's pointed out in the report.
However, the report assured, the Moroccan real GDP growth is projected to achieve a revival to stand at around 4 percent in two years.
MENAFN0810201900450000ID1099098457
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