Fitch affirms Morocco at BB+ with Stable Outlook
On 18 September 2026 Fitch Ratings affirmed Morocco’s Long‑Term Issuer Default Rating at BB+ and kept a Stable Outlook, citing sound macro policy, adequate external liquidity buffers and official creditor support while flagging a wider 2026 fiscal deficit and elevated public debt around 67% of GDP.
The desk brief
On 18 September 2026 Fitch Ratings affirmed Morocco’s Long‑Term Issuer Default Rating at BB+ and kept a Stable Outlook, citing sound macro policy, adequate external liquidity buffers and official creditor support while flagging a wider 2026 fiscal deficit and elevated public debt around 67% of GDP.
The affirmation formalises Morocco’s status as a lower‑beta BB sovereign, which can support investor demand for Moroccan Eurobonds and help limit spread widening versus higher‑beta sub‑Saharan peers. The rating preserves official buffer perceptions (IMF FCL cited) but does not remove risk from a wider 2026 deficit or contingent fiscal pressures that could affect future funding costs.
Monitor any sovereign Eurobond issuance or fiscal updates tied to 2026 outturn and 2027 budget plans.
Sources & verification
Developing storyFurther independent confirmation is required.
- Fitch Affirms Morocco at BB+ With Stable Outlook Despite Wider 2026 Deficitsmoroccoworldnews.comSource published (opens in a new tab)
- Fitch affirms Morocco at BB+ with stable outlook, sees wider 2026 deficithespress.comSource published (opens in a new tab)
Public references supporting this brief.
Price Discovery
Morocco sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- Moroc 27Dec 202796.6255.499%
- Moroc 28Mar 2028100.3755.653%
- Moroc 32Dec 203283.8756.202%
- Moroc 33Sept 2033101.6886.192%
- Moroc 42Dec 204288.2506.703%
- Moroc 50Dec 205065.1257.019%
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