Standard & Poor’s adjusts Morocco’s outlook to negative | latest...

Standard & Poor’s agency said Morocco’s outlook has been revised to negative due to an increase in debt and external financing needs due to Covid-19, without change in

Credit rating.

Morocco’s rating may be downgraded if real GDP growth rates fall far below expectations or if total external financing needs continue to increase.

It expects a deterioration, far exceeding expectations, in the budget and external financing situation of Morocco due to the severe repercussions of Covid-19.

According to her projections, Morocco’s economic growth will revive in 2021, allowing it to resume structural reforms and budget control strategy.

These were the details of the news Standard & Poor’s adjusts Morocco’s outlook to negative | latest... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Market size of energy transition minerals to hit $770bn by 2040: IEA
NEXT Saudi Arabia, China discuss collaboration in urban development during Beijing meeting