The international rating agency "Fitch Ratings" reasserted November 5th 2013,
the rating level "Investment Grade" attributed to Morocco with a stable outlook.
Foreign currency debt and local currency debt are granted, respectively, 'BBB-'
and 'BBB' rates. The rate"F3" of the short-term debt in foreign currencyand the
'BBB' sovereign rating were also confirmed.
According to Fitch Ratings, the confirmation of this rating level reflects
the resilience of the country after the events of the Arab Spring that started
in early 2011. Fitch Ratings stressed that the political and social stability
allowed to maintain high levels of GDP growth and foreign direct investment
By 2015, Fitch Ratings expects lower levels of fiscal deficit
and the current account deficit and a stabilization of the debt and this,
because of the political will to implement the necessary reforms and the
prospects for a gradual economic recovery in the euro zone.