The business climate remains good in Morocco, where the risk of default of companies deemed ” suitable ”, unlike Algeria, Tunisia and Libya, said in his last quarterly forecast the french insurance agency loans, Coface . Also in Africa, Morocco has the highest rating, A4.
This is a good assessment of the business climate in the second quarter 2016 issued to the Moroccan authorities by the French insurer credits Coface . Unlike many countries, including African and Arab, Morocco keeps its A4 rating, both for a good business climate for the risk of default of companies, which qualify as “adequate” by the French insurer. Already dan its last assessment in January 2016, the Coface had kept the A4 rating assigned to Morocco, whose strengths, according to Coface , are ” its location (close to the European market), its line of ascent strategy and production diversification (automotive, aerospace, electronics, services, chemicals, textiles, food processing …) and its macroeconomic and political stability. Conversely, the Coface indicates weaknesses, the dependence of the economy on agriculture, social and regional disparities, and a poverty rate and high unemployment. By cons, Algeria has been downgraded with a high risk by the Coface , which estimates that its economy remains’ highly dependent on the sector hydrocarbons “.
Tunisia readjusted
Tunisia was also downgraded by the French credit insurer, and backward from B to C with a risk “high enough”, Egypt is classified with a risk ” high ”, while Libya rocker in the risk category ” extreme ”. in the Arab world, the Qatar t (A3), Kuwait (A3) and Saudi Arabia (B) maintain the highest marks, but were downgraded. Overall, the global economy should lose 0.2 point of growth to 2.5%. If the global risk average is B (risk quite high), more and more developing countries are in risk categories “extreme” and “very high”, says credit insurer and, more generally, . Coface considers the risk of global business reached a ‘peak’ ‘in the second quarter 2016. There is firstly a forecast for global growth in 2016 ‘revised downwards by 0.2 percentage point to 2.5%’ ‘,’ ‘the world average risk corresponds to B (rather risk high), and ‘increasingly from emerging countries included in the risk categories and -extrême- -very high’ ‘, notes the Coface in a statement released Wednesday in Paris . Finally, ” the three largest economies (the US, China and Japan) are vulnerable, ” while ” China affecting the economy of several Asian countries, ” but ” the Europe is committed to a positive dynamic ”, although ” political risk Brexit is powered by the monitor ”.
(c) 2016 Media Interface. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info) source Middle East & amp. North African Newspapers – French
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