Morocco equities market downgraded to frontier market status | beyondbrics:
"More bad news for Morocco this week, after it was banished from the Africa Cup for pushing to delay the football tournament out of Ebola fears. S&P Dow Jones has downgraded the equities market one of north Africa’s most stable and promising countries from its index of emerging markets to its frontier market index.
Alone among Arab countries, Morocco managed to weather the political tumult of the Arab Spring, even forging an unprecedented compromise with moderate Islamists that maintained stability without resorting to widespread state violence and helped the country maintain an average annual GDP growth rate of 3.5 per cent since 2011.
But in a press release on Wednesday, S&P Dow Jones announced that the phosphate-rich north African equities’ market had been moved from its emerging to frontier index after a review of feedback from investors:"
'via Blog this'
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