
Moody's Investors Service ("Moody's") has today affirmed the Ba1 long-term deposit ratings of four Moroccan banks: Attijariwafa bank (AWB), Groupe Banque Centrale Populaire (GBCP), Bank of Africa - BMCE Group (BoA) and Credit du Maroc (CdM). Moody's has changed the outlook to negative from stable on the long-term deposit ratings of AWB and GBCP and, at the same time, maintained the negative outlook on the long-term deposit and issuer ratings of BoA and the stable outlook on the long-term deposit ratings of CdM.