Washington, Nov 14, 2025 (AFP) - Senegal credit rating slashed as debt problems deepen

NAMPA / AFP
2025-11-15
S&P Global on Friday downgraded Senegal's long-term foreign currency rating, citing a precarious debt position that leaves the West African nation struggling to meet massive repayment obligations. The downgrade to 'CCC+' from 'B-' comes after authorities revealed that Senegal's government debt stood at 119 percent of GDP as of December 2024 -- more than 40 percentage points higher than previously reported. The rating hit comes as Senegal is embro......
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