Washington, United States, Sept 4, 2026 (AFP) - S&P downgrades Senegal rating after IMF bailout announced

NAMPA / AFP

2026-09-04

The S&P agency on Friday downgraded Senegal's sovereign credit rating to "CC" and said its outlook for the debt-stricken nation was negative. S&P cited a "debt restructuring" plan that is part of an agreement announced this week with the International Monetary Fund for an $2.2 billion loan to Senegal. "In our view, this implies that the ongoing debt renegotiation will result in foreign currency creditors receiving less than originally promised, w......

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WINDHOEK, 02 September 2026 - General Manager responsible for Legal, Policy and Enforcement at the Financial Intelligence Centre (FIC), Zenobia Barry. (Photo: Contributed) NAMPA

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