On March 6, 2026, Moody's Investors Service affirmed Morocco's long-term issuer and senior unsecured debt ratings at Ba1 and maintained a stable outlook. The agency's report highlights the country's economic resilience, supported by a dynamic investment sector, ongoing structural reforms, and continued fiscal consolidation efforts.
The stable outlook reflects Moody's expectation that Morocco's economic growth will gradually recover, supported by public investment and reforms. The agency noted that the government's fiscal deficit is projected to continue narrowing over the medium term, strengthening the country's debt affordability.
Moody's also acknowledged challenges, including exposure to climate-related shocks, such as drought, which can impact agricultural output and economic growth. The rating affirmation consolidates Morocco's standing with international investors by providing a benchmark of creditworthiness assessed by a major agency.
