The $ 1 billion Morocco bond well rated by international agencies
The international tour which began on 26 November ends today, in the biggest international financial markets, financial Moroccan authorities are negotiating the international bond issue, launched by the Kingdom for an amount of $ 1 billion.
Source : https://www.marocafrik.com/english/The--1-billion-...
Fitch Ratings and Standard & Poor's recently noted the new international borrowing by the Kingdom of a billion dollars, a BBB-with a stable outlook, providing Morocco with its investment grade.
With this dual notation to facilitate the task of the Kingdom in raising the amount expected on the international market, it is very encouraging for investors, and a sign of confidence in the financial soundness of Morocco, especially as the destination of the product announced for this bond issue, will be investment and not just to fill a hole in the budget deficit.
A high note to raise, is the reversal of S & P, which last October, noted Morocco with a BBB- moving its deteriorating outlook from Stable to Negative.
From October to December, the insurance changes seem to have been successful, as S & P gives the Kingdom's stability its perspective.
Note that after the Road Show to financial authorities around the world, the first fundraising is underway, according to some urgency , for the third week of December.
With this dual notation to facilitate the task of the Kingdom in raising the amount expected on the international market, it is very encouraging for investors, and a sign of confidence in the financial soundness of Morocco, especially as the destination of the product announced for this bond issue, will be investment and not just to fill a hole in the budget deficit.
A high note to raise, is the reversal of S & P, which last October, noted Morocco with a BBB- moving its deteriorating outlook from Stable to Negative.
From October to December, the insurance changes seem to have been successful, as S & P gives the Kingdom's stability its perspective.
Note that after the Road Show to financial authorities around the world, the first fundraising is underway, according to some urgency , for the third week of December.
Source : https://www.marocafrik.com/english/The--1-billion-...