According to reports from news outlets Medias 24 and Lo360, Morocco successfully raised €2.25 billion (approximately $2.4 billion) on Tuesday through the issuance of international bonds. This significant financial maneuver was executed without prior promotional rounds, and the Ministry of Finance has not responded to requests for comments from Reuters regarding the issuance.
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 robust financial positioning on the global stage, enhancing investor confidence.
This bond issuance follows the government's recent announcement that it would inject an additional 20 billion dirhams (approximately $2 billion) into its 2026 budget. This strategic move aims to alleviate the economic pressures stemming from ongoing tensions in the Middle East, which are impacting the local market. The funds will notably support fuel prices, cooking gas, and electricity costs, ensuring stability for Moroccan citizens amid external challenges.
As reported by alarabiya.net.
