Fitch Affirms Morocco at 'BBB-'; Outlook Stable

April 24, 2015 8:07 PM

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(The following statement was released by the rating agency) LONDON, April 24 (Fitch) Fitch Ratings has affirmed Morocco's Long-term foreign and local currency Issuer Default Ratings at 'BBB-' and 'BBB', respectively.

The Outlooks are Stable. The issue ratings on Morocco's senior unsecured foreign and local currency bonds have also been affirmed at 'BBB-' and 'BBB' respectively. The Country Ceiling has been affirmed at 'BBB' and the Short-term foreign currency IDR at 'F3'. KEY RATING DRIVERS Morocco's 'BBB-' rati...

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