Senegal's Credit Rating Further Downgraded – The Standard Newspaper
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According to Seydi Gassama, this decision is due in particular to the financial situation inherited from the former Macky Sall regime, which, according to him, is marked by a significant accumulation of public debt. Moody has recently lowered Senegal's sovereign rating from Caa1 to Caa2, with a negative perspective. Seydi Gassama believes that this new deterioration must be linked to the level of debt accumulated under the former regime. The hum…
Senegal's Credit Rating Further Downgraded – The Standard Newspaper
Things are not improving for Senegal. Over the weekend, Moody’s downgraded the country’s sovereign rating once again. The rating agency lowered Senegal’s rating from Caa1 to Caa2, while maintaining a negative outlook. This is another worrying sign for the Senegalese government. To justify this downgrade to Caa2, a category that indicates very high credit risk, Moody’s explains that it “reflects a higher risk of default” that could result from pe…
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