Current Morocco credit ratings, according to main rating agencies.
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| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | BB+ | - | 5 Apr 2021 | rating downgrade |
| Moody's Investors Service | Ba1 | - | 4 Jul 2022 | outlook upgrade |
| Fitch Ratings | BB+ | - | 23 Oct 2020 | rating downgrade |
| DBRS | - | - |
Morocco: Long-term Rating Scales Comparison
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
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| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
Morocco Credit Ratings historical data
Timetable of Morocco credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
Swipe left to see all data
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 4 Jul 2022 | Ba1 | |||
| 5 Apr 2021 | BB+ | |||
| 6 Feb 2021 | Ba1 | |||
| 23 Oct 2020 | BB+ | |||
| 3 Oct 2020 | BBB- | |||
| 29 Apr 2020 | BBB- | |||
| 5 Oct 2019 | BBB- | |||
| 21 Nov 2018 | Ba1 | |||
| 6 Oct 2018 | BBB- | |||
| 24 Feb 2017 | Ba1 | |||
| 2 Sep 2014 | Ba1 | |||
| 16 May 2014 | BBB- | |||
| 11 Feb 2013 | Ba1 | |||
| 11 Oct 2012 | BBB- | |||
| 23 Mar 2010 | BBB- | |||
| 11 Apr 2008 | BB+ | |||
| 19 Apr 2007 | BBB- | |||
| 26 Mar 2007 | BB+ | |||
| 9 Aug 2005 | BB+ | |||
| 8 Mar 2004 | BB | |||
| 18 Jun 2003 | Ba1 | |||
| 21 Feb 2003 | BB | |||
| 3 Dec 2001 | Ba1 | |||
| 2 Nov 2001 | BB | |||
| 22 Jul 1999 | Ba1 | |||
| 2 Mar 1998 | BB |
