Sovereign rating
Morocco: 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
History
Decisions of the agencies for Morocco
| Date | Agency | Decision | Rating | Outlook | Source |
|---|---|---|---|---|---|
| 17 Sep 2026 | Fitch | affirmed | BB+ | stable outlook | boursenews.ma ↗ |
| 27 Mar 2026 | S&P | affirmed | BBB− | stable outlook | finances.gov.ma ↗ |
| 6 Mar 2026 | Moody's | outlook raised | Ba1 | positive outlook | en.yabiladi.com ↗ |
Questions
What is the credit rating of Morocco?
S&P BBB− · Moody's Ba1 · Fitch BB+: fair rating, speculative (bb), 1 notch below investment grade, no. 3 of 34 in Africa.