🇲🇦 Casablanca Stock Exchange

The Casablanca Stock Exchange launches today the Morocco Stock Index 20 (MSI20), in the context of its strategy to develop its product and service offering, and to meet the needsof operators.

The Casablanca stock market has experienced a tough 2020 year.

Fitch Ratings has downgraded Morocco-based Attijariwafa Bank (AWB), Bank of Africa (BOA) and Credit Immobilier Et Hotelier's (CIH) Long-Term Foreign-Currency and Local-Currency Issuer Default Ratings (IDRs) to 'BB' with a Stable Outlook from 'BB+' with a Negative Outlook. Fitch has also revised down the three banks' Support Rating Floors (SRFs) to 'BB' from 'BB+', while affirming their Support Ratings at '3'. The National Ratings and Viability Ratings (VRs) are unaffected by this rating action.

Moody's Investors Service has affirmed the long- and short-term foreign currency deposit ratings of Groupe Banque Centrale Populaire (GBCP) at Ba2/NP as well as its long- and short-term local currency deposit ratings at Ba1/NP. Moody's has maintained the outlook on the bank's long-term deposit ratings at stable.