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S&P Downgrades Senegal’s Credit Rating from B- to CCC+ Amid Persistent Default Risks – The North Africa Post
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The S&P Global Ratings agency has lowered Senegal's sovereign rating from "B-/B" to "CC+/C", a level that now places the country in the so-called "very speculative" category. This decision, announced on 27 March 2026, is accompanied by a continuation of a negative perspective, pointing to the possibility of further deterioration in the short term. It reflects, according to the agency, a combination of increased budgetary vulnerabilities, tension…
S&P Downgrades Senegal’s Credit Rating from B- to CCC+ Amid Persistent Default Risks – The North Africa Post
Standard & Poor’s has downgraded again the credit rating of Senegal from B- to CCC+, deepening the country’s position in junk territory amid the $ 7 billion hidden debt scandal and the $ 747 million borrowed secretly by Dakar through Total Return Swaps (TRS) to keep up appearance and hide its alarming financial situation. The […]
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