S&P downgrades Senegal foreign currency rating to 'CC' on debt plan
S&P downgraded Senegal’s long-term foreign currency credit rating to "CC" from "CCC+". The move cites Senegal’s recently announced debt restructuring plan with the IMF.
Credit ratings agency S&P on Friday downgraded Senegal's long-term foreign currency credit rating to "CC" from "CCC+", citing the recently announced debt restructuring plan with IMF.