Moody’s downgrades Senegal from Caa1 to Caa2
Ratings agency Moody’s downgraded Senegal on Friday from Caa1 to Caa2. The move places the country one notch lower on the agency’s rating scale.
SenegalInfos
Original French edition
Moody’s downgraded Senegal on Friday to Caa2 from Caa1 previously. The information was reported by Leral.
The decision represents a one-notch decline on the agency’s rating scale. Senegal is now rated Caa2, after previously being classified at Caa1.
A change of level on Moody’s scale
The Caa1 and Caa2 designations refer to the categories used by Moody’s to assess sovereign issuers. The announced downgrade therefore changes the ranking assigned to Senegal by the agency.
The available information does not specify either the reasons cited by Moody’s or any potential consequences of the decision.
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