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Standard & Poor's Takes the Country to "Ccc+", a Blow for Senegal
Summary by senenews.com
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The decision of the US agency Standard & Poor's to lower Senegal's sovereign rating from "B+" to "CC+" marks a worrying turning point for the national economy. Beyond the symbol, this three-point decline is a real shock of financial credibility for Dakar in international markets. By now classifying Senegal as "CC+", S&P sends a clear message: the risk of default or debt restructuring is considered significantly higher. This assessment is based i…
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