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Fitch downgrades Morocco’s rating

The agency Fitch Ratings downgraded Morocco’s rating from BBB neutral to BBB negative during its most recent review.

This drop is due, she explains, to the inevitable increase in public debt in relation to GDP, which is itself in decline. On a qualitative level, the agency considers the measures taken to get through the crisis to be good, but questions the possibility of maintaining them over time. Especially in the face of the resurgence of contamination in professional environments.

The analysis notes that the Amending Budget has not increased the tax burden and seems to be pleased with this. On the other hand, it doubts that the programming of loans is sufficient.

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