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Published on 12/22/2005 in the Prospect News Emerging Markets Daily.

Fitch affirms Banque Marocaine pour le Commerce

Fitch Ratings said it affirmed Banque Marocaine pour le Commerce et l'Industrie's (BMCI) ratings at national long-term AA-(mar), short-term rating at F1+(mar) and support of 3.

The outlook for the national long-term rating remains stable.

The ratings of BMCI reflect Fitch's view of the potential level of support for the bank from BNP Paribas (AA/F1+), which effectively controls it.

Fitch added the 3 support rating reflects the agency's opinion that there is a moderate probability of support from the parent.


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