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Moroccan Banque Centrale Populaire ratings affirmed
Capital Intelligenceinternational credit rating agency announced (29 August 2014) that it has affirmed the ratings of Banque Centrale Populaire (BCP), the Moroccan bank which has its headquarters in Casablanca and operations in Europe, including activities catering for Maghreb communities. BCP’s Financial Strength Rating (FSR) is maintained at ‘bbb-’, said CI Ratings, which is based in Cyprus. That rating reflects BCP’s good level of...
Moroccan BMCE Bank’s ratings affirmed
Capital Intelligence credit rating agency affirmed 28 August 2014 the ratings of BMCE Bank, formerly Banque Marocaine du Commerce Extérieur, which has headquarters in Casablanca, Morocco, and operations in Europe. The Cyprus-based rating agency said the bank’s Financial Strength Rating (FSR) is maintained at ‘BBB-’. It is supported by the improved profitability in 2013, steady – if modest – capital adequacy, and slight growth in...
Credit du Maroc ratings affirmed
Capital Intelligence (CI), the international credit rating agency announced 25 August 2014 that it has affirmed the credit ratings of Crédit du Maroc (CM), based in Casablanca, Morocco. CM’s Financial Strength Rating (FSR) is affirmed at ‘BB+’, supported by the improved capital position and steady liquidity. It is constrained by a high level of non-performing loans (NPLs) and weak profitability. The Outlook for the FSR is ‘Stable’....
Moroccan Attijariwafa Bank’s ratings affirmed
Capital Intelligence (CI), the international credit rating agency, announced (14 August 2014) that it has affirmed the ratings of Attijariwafa Bank (AWB), based in Casablanca, Morocco. The Financial Strength Rating is affirmed at ‘BBB’, supported by AWB’s overall financial profile, including sound asset quality, despite the rise in non-performing loans (NPLs) in 2013, good loan-loss coverage, a slight improvement in capital and...
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