Moody's: Growth for Senegal

Moody's Investors Service said that Senegal's foreign- and local-currency bond rating of B1 reflects its low economic resilience and low-income economy but is balanced against a long track record of robust growth, which is fostered by sizable infrastructure investments.

The outlook is stable.

The ratings also reflect its political stability, which is relatively unusual for sub-Saharan Africa, Moody's said.

The stable outlook also considers the prospects for an increase in the growth rate with the continuation of economic modernization, alongside the completion of important infrastructure projects, the agency said.

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