Country risk: Morocco preserves its note at Euler Hermes



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 Country risk: Morocco preserves its note at Euler Hermes

The increasing continental commercial openness and the commercial clash in prospect between the middle empire and the USA should result in an additional demand addressed to Morocco which would total 50 billion dollars by 2030. This is the latest forecast of the credit insurance group Euler Hermes. The Kingdom which preserves its rating B1 (associated with a low risk) with the credit insurer just like Ghana and Botswana (these three countries having the best ratings of the continent), should thus be distinguished, as well as the South Africa and Nigeria, over a longer period with faster growth. That said, the credit insurer expects Moroccan growth to stand at 3% in 2018 and 2019 against a regional average estimated at between 3.6 and 3.9% in 2018.

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