Moody’s Downgrades Senegal Sovereign Rating to CA

[Daba Finance] The international credit rating agency Moody’s downgraded Senegal’s sovereign foreign-currency rating from Caa2 to Ca on November 2, 2026. This fifth downgrade comes less than two months after a previous downgrade on August 28, 2026. It follows Dakar’s announcement in September of its intention to utilize the G20 Common Framework for debt treatment. The new Ca rating indicates an « extremely high credit risk » for the country.