By Tarek Bazza
Rabat- Coface has again given Morocco the rating “A4” for credit risk of businesses defaulting, making it among the highest-ranking countries in Africa.
Coface (Compagnie Française d’Assurance pour le Commerce Extérieur), a French insurance company for foreign trade, published its country risk and sector risk assessment map for the second quarter of 2018 last week.
The assessment comprises 160 countries around the world and is drawn up on the basis of macroeconomic, financial, and political data. Morocco has again received the “A4” rating, which corresponds to a “reasonable” risk. Alongside Morocco, only Kenya, Botswana, and Mauritius received such a high ranking in Africa.
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