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FINANCIAL NEWS
Morocco’s outlook revised to negative: S&P
12 Oct 2012
(MENAFN) Standard & Poor’s stated that it has revised down its outlook for Morocco to negative from stable, however, keeping the BBB- credit rating, reported Arab News.
The rating agency attributed the change in its outlook to Europe’s financial crisis, the growing deficit and slow reforms.
It said that the country’s ratings would stabilize at the current levels in case the government managed to lessen deficits and reduce external debt ratios, in addition to keeping political and social stability.
It is worth noting that in August, Morocco asked for the International Monetary Fund’s (IMF) help, getting a USD6.2 billion precautionary credit line.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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