Morocco Rated ’Fairly High Risk’ for Corporate Debt, Coface Report Shows

In February 2021, the kingdom obtained the A4 rating, considered adequate with regard to the risk of unpaid corporate bills.

As for Egypt, it received the C rating (high). As for Algeria, it is classified in the D category, corresponding to countries with a very high risk. The insurer also described its economic and financial prospects as "uncertain". According to COFACE, Senegal, Kenya or Botswana obtained the same rating as Algeria.

This COFACE study made it possible to assess the risk of unpaid corporate bills in 162 countries, reports Enostrum. The insurer also ensures that global growth should reach an average of +4.3% this year, while world trade would progress by +6.7% in volume (after -5.2% in 2020).