Senegal's Credit Rating Downgraded, Despite Economic Growth
Update: 2025-11-15
Description
S&P Global Ratings downgrades Senegals credit rating due to debt concerns, placing the country on CreditWatch. Senegals debt burden, at 119% of GDP, is one of the highest in its category. The IMF program suspension and financial mismanagement issues have made it harder for Senegal to secure aid. Despite challenges, Senegals economy is growing, boosted by new oil production and gas projects. The country secured 70% of its 2025 financing through regional debt markets, but these bonds come with higher costs and shorter repayment periods.
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