Senegal: S&P Global Ratings lowers local currency rating to ‘CCC+’, warns of high refinancing risk

Dakar, March 28, 2026 – A warning shot on Senegal’s sovereign rating. S&P Global Ratings lowered the country’s local currency rating from “B-” to “CCC+” on March 27, while keeping the foreign currency rating at the same level, with a negative outlook. This decision reflects, according to the agency, rising financing tensions and an increased…...