With a stable future look .. Standard & Poor’s raises Morocco’s credit rating

Standard & Poor’s raised Morocco’s credit rating to “BBB-A-3”, noting that this decision is due to the sound policies that Morocco pursues at the level of macroeconomic, in light of a stable future look.
The agency said that the economic performance of Morocco recently, in addition to the future view, is supported by a mixture of balanced policies, and a strong momentum in implementing structural, social and economic reforms, as well as budget reforms. The agency expected that the budget deficit in Morocco would decrease to 3% of the gross domestic product by 2026, with the support of the rise in government revenues.
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