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

– byBladi.net · 1 min read
Morocco Rated 'Fairly High Risk' for Corporate Debt, Coface Report Shows

Morocco should succeed in better managing the health crisis than the other MENA countries, according to the latest quarterly barometer of the credit insurer Coface, which grants a B rating and a fairly high risk.

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).

Category: Economy
Keywords:
Economic growth Coronavirus in Morocco (Covid-19)

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