December 26, 2012
December 24, 2012
December 08, 2012
December 07, 2012
December 06, 2012
December 05, 2012
December 04, 2012
November 30, 2012
November 27, 2012
November 25, 2012
November 23, 2012
November 20, 2012
November 19, 2012
November 18, 2012
November 15, 2012
November 13, 2012
November 07, 2012
Fitch Affirms Morocco at BBB-; Stable Outlook
Fitch Ratings-London-7 November 2012: Fitch Ratings has affirmed Morocco's Long-term
foreign currency Issuer Default Rating (IDR) at 'BBB-', Long-term local currency IDR at
'BBB', and Short-term foreign currency IDR at 'F3'. The Outlook on the Ratings is Stable.
Fitch has also affirmed Morocco's Country Ceiling at 'BBB'.
Fitch expects these ‘twin deficits’ to begin narrowing this year, supported by recent and prospective measures to reduce fuel subsidies, and supporting the Stable rating Outlook.
Assuming a rebound in agriculture, and some recovery in the eurozone, Fitch expects GDP growth to rebound to 5% by 2014, in line with performance in the previous decade, supported by new
investment projects. The main risk to the forecast is a worse than expected performance in the
eurozone, especially given Morocco’s’ much more limited room to support domestic demand
now compared with in 2009.
Fitch forecasts the current account deficit should gradually
improve primarily thanks to lower oil prices (forecast at USD100/barrel in 2013 and 2014
from USD110/barrel in 2012) as well as a pickup in exports.
In accordance with Fitch’s policies the issuer appealed and provided additional information to
Fitch that resulted in a rating action that is different than the original rating committee
outcome.
foreign currency Issuer Default Rating (IDR) at 'BBB-', Long-term local currency IDR at
'BBB', and Short-term foreign currency IDR at 'F3'. The Outlook on the Ratings is Stable.
Fitch has also affirmed Morocco's Country Ceiling at 'BBB'.
Fitch expects these ‘twin deficits’ to begin narrowing this year, supported by recent and prospective measures to reduce fuel subsidies, and supporting the Stable rating Outlook.
Assuming a rebound in agriculture, and some recovery in the eurozone, Fitch expects GDP growth to rebound to 5% by 2014, in line with performance in the previous decade, supported by new
investment projects. The main risk to the forecast is a worse than expected performance in the
eurozone, especially given Morocco’s’ much more limited room to support domestic demand
now compared with in 2009.
Fitch forecasts the current account deficit should gradually
improve primarily thanks to lower oil prices (forecast at USD100/barrel in 2013 and 2014
from USD110/barrel in 2012) as well as a pickup in exports.
In accordance with Fitch’s policies the issuer appealed and provided additional information to
Fitch that resulted in a rating action that is different than the original rating committee
outcome.
October 31, 2012
October 29, 2012
October 23, 2012
Banques: Jouahri conteste le rating de S&P
«Je me fais fort d’écrire à l’agence pour obtenir plus de détails et ainsi pouvoir contre-argumenter»
October 12, 2012
October 11, 2012
October 09, 2012
September 21, 2012
August 24, 2012
August 08, 2012
June 29, 2012
June 22, 2012
June 20, 2012
June 19, 2012
June 11, 2012
March 23, 2012
March 09, 2012
March 07, 2012
February 21, 2012
February 14, 2012
February 13, 2012
January 31, 2012
January 24, 2012
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