
Fitch Affirms Morocco's BB+ Credit Rating, Citing Economic Stability Despite Challenges
Morocco’s rating on long-term sovereign foreign currency issues is BB+, certified by the rating agency Fitch Ratings. This rating also shows stable prospects.

Morocco’s rating on long-term sovereign foreign currency issues is BB+, certified by the rating agency Fitch Ratings. This rating also shows stable prospects.

The announcement by experts of a third wave of coronavirus contamination, especially with the spread of new variants of Covid-19 in different regions of Morocco, plunges the tourism sector into an unprecedented situation. Reopen or close, tourism professionals are prey to an uncertainty detrimental to their activities.

Morocco is the safest country to visit in Africa during this health crisis period, according to a study conducted by Manuel Aguilar, a biomedical engineer at the University of Malaga in Spain.

The Spanish government said on Tuesday that the holding of this year’s Marhaba Operation will depend on the epidemiological situation in Spain and Morocco.

A German study questions the effectiveness of the curfew in limiting the spread of the coronavirus, using the example of the Hesse region, the fifth most populous territory in Germany. The measure has nevertheless been adopted by Morocco and several European countries since the start of the pandemic.

Morocco is affected by the Indian variant. The Ministry of Health confirms that two cases have indeed been detected in Casablanca.

Morocco now has two cases of the Indian variant of Covid-19. It is a Moroccan and an Indian residing in Casablanca . The first case, the Indian national who arrived in Morocco just before the suspension of air links, was confirmed on April 24.

In Agadir, the time has come for hotel closures and sales. While despite the pandemic, some hotels have been able to reopen, many owners have preferred to close or even sell their establishments, but for other reasons.

Morocco is one of the favorite destinations of many French retirees who spend a good part of the year there. It is now difficult for them to travel due to the Covid-19 pandemic.

The national company Tunisair announced on Saturday that it has scheduled a new repatriation flight for Tunisians stranded in Morocco. The departure is scheduled for Sunday, May 9, 2021, at 11:30 p.m., at Mohammed V Airport in Casablanca at terminal 2.

Rebuilding tourism demand and returning to the pre-health crisis situation where 13 million tourists were welcomed. This is, according to Adel El Fakir, the Director General of the Moroccan National Tourist Office (ONMT), the priority of Morocco for the next three years.

Like all countries, Morocco has suffered the effects of the coronavirus crisis, with serious consequences on the lives of people and businesses, aggravating poverty and vulnerability throughout the national territory. The Directorate of Studies and Financial Forecasts (DEPF) of the Ministry of Economy, Finance and Administrative Reform has just released its activity report for the year 2020 on the consequences of the health crisis in the kingdom.