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S&P cuts Senegal's local currency rating to "CCC+" on refinancing strains

S&P cuts Senegal's local currency rating to "CCC+" on refinancing strains

Credit ratings agency S&P on Friday lowered Senegal's local currency rating to "CCC+/C" ​from "B-/B", citing rising refinancing risks and the government's growing ‌dependence on short-maturity domestic debt amid stalled talks on a new IMF programme.

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