News

	https://www.next-finance.net/en
	News

Fitch Rates Morocco’s EUR1bn Bond ’BBB-’

Fitch Ratings has assigned Morocco’s EUR1bn bond issuance a ’BBB-’ rating.

The EUR1bn 10-year notes have a coupon of 3.5% and spread at issue of 233.5bp over German Bunds.

KEY RATING DRIVERS

The rating is in line with Morocco’s ’BBB-’ Long-term foreign currency Issuer Default Rating, on which the Outlook is Stable.

RATING SENSITIVITIES

The rating is sensitive to any changes in Morocco’s Long-term foreign currency IDR. Fitch affirmed Morocco’s ratings on 25 April 2014 and will next review them on 24 October 2014.

Next Finance , June 2014

Add a new comment

Focus

News Institutional investor appetite is back for quant funds

The recent CTA performances encourage institutional investors to more closely monitor this type of hedge fund. Thus, according to Preqin, 52% of them wish to increase their exposure to this type of alternative strategy this year (vs 14% last (...)