Morocco Pushes to Lose Junk Credit Rating, Finance Minister Signals
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Morocco is lobbying to regain an investment-grade credit score from S&P Global Ratings, vowing to keep its budget deficit in check despite massive new spending commitments stemming from a deadly earthquake and its co-hosting of the 2030 soccer World Cup.
The kingdom is targeting the “budgetary rigor” it had before the 2008 global financial crisis and has held talks with S&P in the aftermath of September’s quake, Finance and Economy Minister Nadia Fettah Alaoui said in an interview.