S&P cuts Senegal foreign-currency rating to “CC” from “CCC+”
S&P cut Senegal’s long-term foreign-currency rating to “CC” from “CCC+,” citing an extremely likely government debt restructuring that would lead to losses for foreign-currency creditors.
S&P on Friday cut Senegal's long-term foreign-currency rating to "CC" from "CCC+", citing a high likelihood that the government's planned debt restructuring will result in losses for foreign-currency creditors.Senegal's finances have been under pressure since the 2024 discovery of billions of dolla…