Morocco Maintains Investment Grade Rating, Unique Among African Nations

In an interview with the Le360 website, she explained that this is one of the reasons why the kingdom is "ranked among emerging countries with a good signature."

Despite the situation prevailing in Morocco due to the health crisis, the rating agency Standard and Poor’s confirmed, on April 3, Morocco’s "investment grade" rating, with a stable outlook. In the eyes of the Director of the Treasury, this position of Morocco is a positive element that "presages a favorable reception from international investors in the event of a possible exit of the Treasury on the international financial market".

It is also an advantage that would allow negotiating interesting financing conditions, despite the current context marked by the covid-19 crisis. "The level of increase in financing costs is relative and depends on the rating level of the issuers. Investors buy and hold good signatures and display a great aversion to risky paper," explains the Director of the Treasury and External Finance.

For Fouzia Zaaboul, Morocco, like previous issues, "ensures daily monitoring of developments in the international financial market". The intention is to be able to seize the best opportunities that arise in order to optimize its financing cost.