Growth Concerns Dent Sovereign Rating

March 2007 | Economic Analysis

We have downgraded Morocco's sovereign risk rating to B- (72) from B (76) on the back of a deterioration in the country's 'ability to pay' score, though we remain confident on the 'willingness to pay' component. In comparison to 2006, the current year looks set to be a challenging year for the country, on account of slower growth resulting from an expected poor agricultural sector performance. Nevertheless, Morocco still fares strongly in BMI's sovereign risk ratings, positioned similarly with countries such as Israel, Bulgaria and Thailand, based on an ability to pay score of 39/55 and willingness to pay score

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