Moody's affirms BMCE deposit ratings; downgrades BCA to b1
Rating Action: Moody's affirms BMCE deposit ratings; downgrades BCA to b1. Global Credit Research- 19 Jul 2017. Limassol, July 19, 2017-- Moody's Investors Service has today affirmed the Ba1 long-term global local currency deposit rating of BMCE bank, a leading Moroccan bank with around 15% market share of total banking deposits and loans as of December 2016. At the same time, Moody's downgraded the bank's standalone baseline credit assessment to b1 from ba3 and the bank's...
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