Standard & Poor’s Upgrades Morocco’s Credit Rating, Returning it to “Investment Grade”
International credit rating agency Standard & Poor’s has upgraded Morocco’s sovereign rating to BBB-/A-3, up from +B/BB, returning the kingdom to the “investment grade” category it left in 2021.
This decision reflects growing confidence in the resilience of the national economy, which has continued to bolster its robustness despite challenging global conditions, thanks to structural reforms implemented under royal guidance.
In March 2024, the agency had revised its outlook for Morocco from “stable” to “positive,” signaling a clear improvement in economic prospects and international institutions’ confidence in the reform trajectory.
Restoring the “investment grade” is expected to improve external financing conditions, reduce borrowing costs, and enhance foreign investor confidence, further supporting Morocco’s attractiveness as a preferred destination for direct investment.
This development comes amidst a global context characterized by increasing challenges and uncertainties, underscoring Morocco’s ability to maintain its position among creditworthy nations and strengthening its standing as a reliable economic partner both regionally and internationally.
