Moody’s eyes Senegal for downgrade

Moody’s Investors Service said it placed Senegal’s Ba3 foreign and local currency issuer ratings and its foreign-currency senior unsecured ratings on review for downgrade.

The decision to review Senegal reflects Moody’s assessment the country’s participation in the G20 Debt Service Suspension Initiative raises the risk that private-sector creditors will incur losses, the agency said.

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