- S&P slashes sovereign rating to B- after $14.7bn in hidden debt revealed
- Government turns to regional markets as IMF talks continue
DAKAR, SENEGAL – One day after S&P Global Ratings downgraded Senegal’s long-term sovereign credit rating to ‘B-’ with a negative outlook, the government raised 364 billion CFA francs ($620 million) in a domestic bond issuance, reflecting investor confidence despite spiralling debt levels and budget shortfalls.
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