S&P Cuts Senegal to CC, Its Lowest Credit Rating in 26 Years

SENEGAL · MARKETS Key Facts —What happened S&P Global Ratings cut Senegal’s long-term foreign-currency rating from CCC+ to CC on September 4, the country’s lowest grade in nearly 26 years, and kept the outlook negative. —Why S&P says the government’s planned debt restructuring is highly likely to leave foreign-currency creditors with losses. —The backdrop Billions […] The post S&P Cuts Senegal to CC, Its Lowest Credit Rating in 26 Years appeared first on The Rio Times.

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