Credit du Maroc - FCRs Affirmed; Outlook Remains Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Crédit du Maroc (CM) at 'BBB-' and 'A3', respectively. At the same time, CI Ratings has also assigned to CM a Bank Standalone Rating (BSR) of 'bb+', a Core Financial Strength (CFS) rating of 'bb+' and an Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Morocco, Credit du Maroc)
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