Morocco retains Ba1 credit rating from Moody’s

Moody’s has reaffirmed Morocco’s Ba1 credit rating, citing policy effectiveness and economic resilience despite rising debt, Moroccan media reports. The credit rating agency noted that economic growth slowed to 2.6% in 2024 due to weak rainfall but is expected to rebound to 3.5%. Moody’s also highlighted that the kingdom’s stable current account deficit (2.5% of GDP) and stronger-than-expected tax revenues helped keep the budget deficit at 4.3%.