Makrognosis

Morocco Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:MA

Model score53 / 1009 Nov 2026
Grade equivalentBBB-model-implied
BandSpeculative grade0–100 scale, 100 = strongest
Rank65th of 84economies scored

Makrognosis sovereign credit model scores Morocco at 53 out of 100 as of 9 November 2026, equivalent to BBB- on the familiar letter scale — speculative grade.

The score is unchanged from the previous assessment on 1 October 2026.

That places Morocco 65th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 66.6% of GDP, a fiscal balance of −3.9% of GDP, a current account balance of −2.5% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Morocco sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202640.042.545.047.550.052.5Robomacro
Morocco sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202652.7BBB-
1 October 202652.7BBB-
31 July 202652.7BBB-
30 July 202643.3BB
26 July 202644.4BB
21 June 202645.6BB
18 June 202641.5BB-
Get the Morocco sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/MA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/MA",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Morocco, from official national and international statistics.

InputValueVintage
GDP per capitaUS$4,672.52026
Real GDP growth, 5-year average4.0%2026
Inflation, recent average0.2%2026
Government debt66.6% of GDP2026
Fiscal balance−3.9% of GDP2026
Current account balance−2.5% of GDP2026
External debt44.7% of GDP2026
Foreign-exchange reserves5.9 months of imports2026
Governance (World Bank WGI composite)−0.3172026

How Morocco compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
60Vietnam9 Nov 202654
61Colombia9 Nov 202654
62Philippines9 Nov 202654
63Kazakhstan9 Nov 202653
64China9 Nov 202653
65Morocco9 Nov 202653
66Ivory Coast9 Nov 202652
67Ukraine9 Nov 202650
68Tanzania9 Nov 202650
69Ecuador9 Nov 202649
70Kenya9 Nov 202649
71Serbia9 Nov 202648

All 84 economies ranked →

Morocco economic indicators

Morocco Inflation Rate (CPI)Morocco 10-Year Government Bond YieldMorocco Government Debt to GDPMorocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in forceMorocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rateMorocco Sovereign Bond Spread vs US TreasuriesMorocco Treasury direct debt, MAD billion (BAM Annual Report Table 1.5.4 year-end)

FAQ

What is Morocco's credit rating?
Makrognosis sovereign credit model scores Morocco at 53/100 as of 9 November 2026, equivalent to BBB- (speculative grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/MA returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.