{"id":42204,"date":"2022-07-04T19:16:54","date_gmt":"2022-07-04T19:16:54","guid":{"rendered":"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/"},"modified":"2022-07-04T19:17:14","modified_gmt":"2022-07-04T19:17:14","slug":"moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post","status":"publish","type":"post","link":"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/","title":{"rendered":"Moody\u2019s confirms improvement of Morocco\u2019s financial outlook to stable \u2013 The North Africa Post"},"content":{"rendered":"\n<div>\n<p>Credit rating agency Moody\u2019s affirmed Morocco\u2019s outlook to stable from negative while it maintained its long-term issuer at BA1.<\/p>\n<p>Moody\u2019s noted the recovery of Morocco\u2019s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement.<\/p>\n<p>\u201cThe improved governance track record underpins Moody\u2019s expectation that the government will be able to implement gradual fiscal consolidation that stabilizes the debt ratio and fiscal accounts, while maintaining social stability in the face of Morocco\u2019s exposure to the food and energy price shock triggered by Russia\u2019s invasion of Ukraine,\u201d it said.<\/p>\n<p>It said the BA1 rating was reflective of Morocco\u2019s economic resilience and the build-up of significant foreign exchange reserves covering over six months of imports at the end of 2021, providing a buffer to absorb the impact of the global commodity price shock.<\/p>\n<p>Morocco\u2019s credit profile, however, \u201cis constrained by higher general government debt levels than the median of Ba-rated sovereigns, Morocco\u2019s exposure to contingent liabilities stemming from state-owned enterprises (SOEs), comparatively low income levels, and relatively subdued trend growth.\u201d<\/p>\n<p>The agency expects Morocco\u2019s economy to grow 2% in 2022 and an average annual GDP growth to converge to 3-3.5% by 2025.<\/p>\n<p>\u201cThe track record of coherent macroeconomic policies implemented in recent years and during the pandemic is reflected in improving government effectiveness indicators recorded in the Worldwide Governance Indicators, which support Moody\u2019s assessment of Morocco\u2019s improving governance profile,\u201d it said.<\/p>\n<p>Moody\u2019s expects Morocco\u2019s central government debt\/GDP ratio to stabilize below 80% over the next three years (below 75% on a general government basis).<\/p>\n<\/div>\n<p>Source: <a href=\"https:\/\/northafricapost.com\/58811-moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable.html\">north africa post<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency Moody\u2019s affirmed Morocco\u2019s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody\u2019s noted the recovery of Morocco\u2019s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement. \u201cThe improved governance track record underpins Moody\u2019s expectation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Moody\u2019s confirms improvement of Morocco\u2019s financial outlook to stable \u2013 The North Africa Post - African News Paper<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moody\u2019s confirms improvement of Morocco\u2019s financial outlook to stable \u2013 The North Africa Post - African News Paper\" \/>\n<meta property=\"og:description\" content=\"Credit rating agency Moody\u2019s affirmed Morocco\u2019s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody\u2019s noted the recovery of Morocco\u2019s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement. \u201cThe improved governance track record underpins Moody\u2019s expectation [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/\" \/>\n<meta property=\"og:site_name\" content=\"African News Paper\" \/>\n<meta property=\"article:published_time\" content=\"2022-07-04T19:16:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-04T19:17:14+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africannewspaper.net\/#website\",\"url\":\"https:\/\/www.africannewspaper.net\/\",\"name\":\"African News Paper\",\"description\":\"We bring Africa Closer To you\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africannewspaper.net\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/#webpage\",\"url\":\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/\",\"name\":\"Moody\\u2019s confirms improvement of Morocco\\u2019s financial outlook to stable \\u2013 The North Africa Post - African News Paper\",\"isPartOf\":{\"@id\":\"https:\/\/www.africannewspaper.net\/#website\"},\"datePublished\":\"2022-07-04T19:16:54+00:00\",\"dateModified\":\"2022-07-04T19:17:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africannewspaper.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Moody\\u2019s confirms improvement of Morocco\\u2019s financial outlook to stable \\u2013 The North Africa Post\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africannewspaper.net\/#\/schema\/person\/19893f3a11e0429bf3219300d406960a\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.africannewspaper.net\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e23d29bdcdae20b5bf12dca33252ec65?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/africannewspaper.net\"],\"url\":\"https:\/\/www.africannewspaper.net\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Moody\u2019s confirms improvement of Morocco\u2019s financial outlook to stable \u2013 The North Africa Post - African News Paper","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africannewspaper.net\/2022\/07\/04\/moodys-confirms-improvement-of-moroccos-financial-outlook-to-stable-the-north-africa-post\/","og_locale":"en_US","og_type":"article","og_title":"Moody\u2019s confirms improvement of Morocco\u2019s financial outlook to stable \u2013 The North Africa Post - African News Paper","og_description":"Credit rating agency Moody\u2019s affirmed Morocco\u2019s outlook to stable from negative while it maintained its long-term issuer at BA1. 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