# Morocco : Fitch Ratings downgrades OCP’s IDR rating to BBB-

> Fitch Ratings downgraded OCP's long-term issuer default rating to BB+ from BBB-, with a negative outlook. The downgrade reflects a MAD 3 billion donation to Morocco's COVID-19 fund and an investment in a hospitality alliance.

- Date: 2020-05-14 · published 2020-05-14T12:00:00.000Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/53456-morocco-fitch-ratings-downgrades-ocp-s-idr-rating-to-bbb
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The credit downgrade is a corporate finance matter with little direct effect on phosphate supply or prices, though it may signal financial strain that could affect investment capacity.

## Sources

- en.yabiladi.com: https://en.yabiladi.com/articles/details/93554/morocco-fitch-ratings-downgrades-ocp-s.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.