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Moody’s downgrades Morocco’s rating

Moody’s rating agency maintained Morocco’s “Ba1” credit rating due to its ability to access external and domestic financing on favorable terms. While Morocco’s rating has been confirmed, its outlook has nevertheless changed from “stable” to “negative”. This ability to obtain financing allows the kingdom to meet higher gross borrowing needs, …

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Attijariwafa bank increases its capital

The Attijariwafa Bank group has decided to increase its share capital (issue premium included) by a total amount of 1,416,552,692 dirhams. The decision was taken on December 23, 2020 during its board of directors, during which the characteristics and final terms of the transaction were set. These were published on …

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