Senegal: S&P downgrades foreign currency sovereign rating to ‘CCC+’ and places the country under CreditWatch

S&P Global Ratings downgraded Senegal’s long-term foreign currency sovereign rating to ‘CCC+’ on November 14, 2025, from ‘B-‘ previously, while maintaining the local currency rating at ‘B-‘. The agency also placed the country under CreditWatch developing, reflecting a fragile situation and limited visibility on short-term refinancing capacity. With public debt at 119% of GDP at...