Morocco regained investment-grade status from S&P Global Ratings after losing it four years ago, marking a major boost as the government carries out large-scale infrastructure projects in preparation for hosting major regional, African, and global events.
The agency raised the sovereign credit rating to BBB/A-3 from BB+/BB, thereby restoring it to investment-grade with a stable outlook. This is the second consecutive revision of Morocco’s rating after the March 2024 review, which had upgraded the economic outlook from stable to positive. Morocco had lost its investment-grade status in 2021 when the COVID-19 pandemic and drought adversely affected the economy, as was the case with other countries in the Arab region and worldwide.
