Credit Rating Boost for Casablanca's Economic Future
In a significant announcement, the City of Casablanca has received a credit rating of 'BBB-' for the long term and 'A-3' for the short term from the renowned international rating agency, S&P Global Ratings. This rating comes with a stable outlook, signifying a robust endorsement of the city's financial management and resilience in budgetary performance. The municipal authorities highlighted that this acknowledgment opens doors for diversifying resources to support the metropolitan development of Casablanca.
According to the report published on October 22, 2026, S&P Global Ratings has pointed out the favorable financial outlook for the city, driven mainly by increased revenue, improved tax collection efforts, and strict control over operational expenditures. The agency projects a gradual enhancement of gross savings, expected to reach approximately 25% of operating revenues by 2028, up from 19% in 2025. This positive trend is anticipated to enable the city to fund a growing share of its investments from its own resources while minimizing reliance on new borrowings.
Moreover, the report emphasizes the efforts made towards modernizing and digitizing the tax administration, broadening the tax base, and enhancing the efficiency of the collection of municipal revenues. The credit rating reflects Casablanca's strategic role as the leading economic and financial hub of Morocco, the diversification of its economic fabric, and its capacity to attract investments. It also highlights the quality of the financial planning mechanisms and budget execution monitoring established by the municipality, as well as the mobilization of diverse financing mechanisms to support its structural projects.
The 2023-2028 Communal Action Plan and the development programs for Greater Casablanca are crucial levers aimed at facilitating urban transformation, improving mobility, enhancing infrastructure and public services, and contributing to the improved quality of life for citizens. The stable outlook granted by S&P Global Ratings aligns with that of the Kingdom of Morocco, indicating that the city is expected to maintain satisfactory budgetary performance during the 2026-2028 period while progressively reducing its direct debts.
Additionally, the report underscores the strong liquidity position of the municipality and its access to varied financing sources. This credit rating serves as an important benchmark for dialogue with institutional and financial partners and enhances the visibility of the city among economic actors and investors. The City of Casablanca reaffirms its commitment to a rigorous, transparent, and responsible management of local public finances, continuing its efforts in resource mobilization, expenditure rationalization, debt control, and optimization of public investment.
These strategies are part of a sustainable approach aimed at reinforcing the financial equilibrium of the city, boosting its investment capacity, and supporting the economic, social, and urban development ambitions of Casablanca. By doing so, the City of Casablanca aims to continue consolidating its financial achievements in service of a more attractive, resilient, and sustainable metropolis.
As reported by maroc-hebdo.com.
