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TEXT-Fitch rates Morocco's upcoming USD bond 'BBB-(EXP)'
December 3, 2012 / 9:26 AM / 5 years ago

TEXT-Fitch rates Morocco's upcoming USD bond 'BBB-(EXP)'

(The following statement was released by the rating agency)

Dec 03 - Fitch Ratings has assigned Morocco’s forthcoming USD bond issue an expected ‘BBB- (EXP)’ rating. The final ratings are contingent on the receipt of final documentation conforming to information already received.

The rating is in line with Morocco’s ‘BBB-’ Long-term foreign currency Issuer Default Rating, on which the Outlook is Stable.

Fitch affirmed Morocco’s ratings on 7 November 2012.

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