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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.

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