Country · MAR
Morocco · Markets and rating
Sovereign rating
BB+: a fair rating, 1 notch below investment grade
Morocco is no. 3 of the 34 African countries rated, among the best rated in Africa. Not yet investment grade, but at the top of the speculative grade: the country borrows on the markets, at a higher cost than an investment-grade one.
- Category
- Speculative (BB)
- In Africa
- no. 3 of 34
- Trend
- Rising
1 notch below investment grade
AfCRA
The African agency, launched on 7 October 2026, has not published a rating yet.
Long-term foreign-currency ratings, from the agencies' releases · verdict and common scale: Syli Atlas's reading of the agencies' categories · a rating is an opinion on credit risk, not investment advice
Business climate
Morocco: a business climate better than in most African countries
Above the African median on 5 indicators out of 5. Syli Atlas gives no « business friendly » verdict of its own: each score comes from the World Bank, compared with the other African countries.
Governance
Worldwide Governance Indicators 2025, score from 0 to 100
Can the state make and apply rules that let private business grow?
Are contracts, property rights, the police and the courts reliable?
Quality of public services and of the administration.
How far public power is used for private gain.
Business regulations and services
World Bank Business Ready (B-READY) 2025, score from 0 to 100
63.4 average of the three pillars · no. 2 of the 29 African economies covered
Sources: World Bank, Worldwide Governance Indicators (CC BY 4.0) and Business Ready (CC BY 3.0 IGO) · the line marks the African median · ranks among the African countries covered
Stock exchange
Morocco on the Casablanca
- MASI
- n/a
- n/a
- Listed securities
- 0
- MAD
Fictitious figures (development), not MansaAPI's · end of day, not live · information, not investment advice