Moody’s Cuts Senegal Deeper Into Junk and Blames the Sonko Power Struggle

Senegal · MARKETS Key Facts —Downgrade Moody’s cut Senegal’s sovereign credit rating from Caa1 to Caa2 on Friday 28 August and kept the outlook at negative. —Politics The report explicitly cites the dismissal of former prime minister Ousmane Sonko and his subsequent election as president of the National Assembly, warning that tensions between the executive…