S&P Downgrades Senegal's Credit Rating

Standard & Poor's downgraded Senegal's credit rating on March 27th, lowering it from B- to CCC+. The agency cited difficulties in maintaining Senegal's 2026 budget, primarily due to rising interest rates linked to the conflict in the Middle East. This downgrade increases the cost of borrowing for Dakar as it awaits a deal with the IMF.

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