Morocco at the Gates of Investment Grade: Moody’s New Boost

In its report published on March 6, the agency indicates that this revision reflects the resilience of institutions and the diversification of the economy. Prudent macroeconomic management, combined with adequate foreign exchange reserves, now strengthens the sovereign credit profile of the kingdom.

The growth potential is supported by massive investments in infrastructure, logistics and energy. Moody’s notes an acceleration of growth outside agriculture, which should exceed 5% in 2025, thus stabilizing the economy in the face of climate shocks.

The improvement in budget performance is a major pillar of this assessment. The agency believes that the strengthening of revenues and the targeting of social spending will help contain debt, despite the needs related to the generalization of social protection.

According to Moody’s, the weight of public debt could decrease faster than expected if this dynamic is maintained. The continuation of structural reforms and the attraction of new private investments remain essential to sustainably transform the country’s economic potential.