A key credit rating agency has downgraded Morocco’s score for foreign and local currency from BBB- to BB+, otherwise known as a “junk” rating, meaning they are seen as speculative investment options with potentially higher risks but also higher potential for strong gains for investors.
Forecasting a stable outlook for the country, the US-based for-profit rating agency S&P sees improved prospects for economic growth but blames budget deficits and economic contraction for the do
A sanitation worker cleans a street in Rabat during the COVID-19 P
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Staff Writer / Analyst
Nicholas Pritchard is a Staff Writer for Al Bawaba News. He's interested in the environment, human rights, technology, and global history.
