Credit du Maroc’s Ratings Affirmed with a Stable Outlook

28 August 2026

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Credit du Maroc (CM or the Bank) at ‘BB+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed CM’s Bank Standalone Rating (BSR) of ‘bb’, Core Financial Strength (CFS) rating at ‘bb’ and Extraordinary Support Level of Moderate. The Outlook for the LT FCR and BSR remains Stable.

The Bank’s LT FCR is set one notch above the BSR. The uplift reflects our assessment of the moderate likelihood of extraordinary support, if needed, from the Moroccan authorities. As the eighth-largest bank in Morocco, we do not consider CM to be of systemic importance to the sector. However, the Bank is relatively sizeable and controls approximately 5% of customer deposits in the sector, and thus the likelihood of support from the authorities is moderate.

The…