Senegal’s rating downgrade: credit agencies are punishing countries that don’t check their numbers
Senegal’s dramatic two-notch credit rating downgrade in February 2025 by the credit rating agency Moody’s was followed by a Standard & Poor’s downgrade in July. Moody’s decision marked a three-notch deterioration in Senegal’s rating in four months. The scale of the revisions was rare, especially for countries not already in default or active restructuring. The […] More