Fitch Affirms Morocco's BMCI at 'AAA(mar)'; Outlook Stable

July 13, 2016 1:19 PM

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(The following statement was released by the rating agency) LONDON, July 13 (Fitch) Fitch Ratings has affirmed Morocco-based Banque Marocaine pour le Commerce et l'Industrie's (BMCI) National Long-Term Rating at 'AAA(mar)' with a Stable Outlook and Support Rating at '2'.

A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS NATIONAL AND SUPPORT RATINGS BMCI's ratings are based on Fitch's belief of a high probability of support from the bank's majority shareholder, BNP Paribas (BNPP, A+/Stable), if required. This r...

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