...Sector outlooks in this region are mixed, but are broadly stable on balance. The outlook for Tunisia's banking sector is negative as continued weakness in the macro-economic environment weighs heavily on opportunities for growth. Key trends reported by Morocco's banking sector have been stable for years, supported by a cautious, yet steady, approach to policy and regulatory changes. Our outlook for Senegalese banks is positive, based on expectations for continued strong economic growth, although compliance with reforms is proving challenging for the ba nks. The outlook for Cameroon's banks is stable but the pace of reform in the sector is slow and the banking sector is characterised by a lack of dynamism. Weak operating environments and low sovereign ratings compress Viability Ratings (VRs) for these banks. Our assessment of Morocco's operating environment is in the `bb' category, which is high compared with many African countries. This supports the higher VRs for Moroccan banks....
