According to reports from Medias 24 and Le360, Morocco successfully raised 2.25 billion euros (approximately 2.4 billion dollars) on Tuesday through an international bond issuance. This significant financial move underscores the country's ongoing efforts to attract foreign investment and bolster its economic standing in a challenging global market.
The Ministry of Finance did not announce a promotional tour prior to the bond offering and did not respond to requests for comment from Reuters. This lack of announcement suggests a strategic approach in managing investor expectations and market reactions.
Morocco currently holds a Ba1 rating with a positive outlook from Moody’s, a BBB- rating with a stable outlook from Standard & Poor’s, and a BB+ rating with a stable outlook from Fitch. These ratings reflect the country's relatively stable economic environment and its potential for growth despite external challenges.
The timing of this bond issuance is particularly noteworthy as it follows the government's recent announcement that it plans to add 20 billion dirhams (about 2 billion dollars) to its 2026 budget. This allocation aims to mitigate the impacts of tensions in the Middle East on the local market, particularly in supporting fuel, cooking gas, and electricity prices, which are essential for the daily lives of Moroccan citizens.
As reported by alarabiya.net.
