Societe Generale Marocaine de Banques – LT and ST FCR Lowered; All Other Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Societe Generale Marocaine de Banques (SGMA) to 'BB+' and 'B' from 'BBB-' and 'A3', respectively. At the same time, SGMA's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) of 'bb' have been affirmed. The Outlook for the LT FCR and BSR is Stable.  The Extraordinary Support Level (ESL) has been adjusted to Moderate from High.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  
• Bank Rating Report (Morocco, Societe Generale Marocaine de Banques)
  Purchase Available - View price list