(The following statement was released by the rating agency)
LONDON, June 16 (Fitch) Fitch Ratings has assigned Morocco's
issuance a 'BBB-' rating.
The EUR1bn 10-year notes have a coupon of 3.5% and spread at
issue of 233.5bp
over German Bunds.
KEY RATING DRIVERS
The rating is in line with Morocco's 'BBB-' Long-term foreign
Default Rating, on which the Outlook is Stable.
The rating is sensitive to any changes in Morocco's Long-term
IDR. Fitch affirmed Morocco's ratings on 25 April 2014 and will
next review them
on 24 October 2014.
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Applicable criteria, 'Sovereign Rating Criteria' dated 13 August
'Country Ceilings' dated 09 August 2013, are available at
Applicable Criteria and Related Research:
Sovereign Rating Criteria
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