Senegal

On Feb. 28, 2025, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Senegal to 'B' from 'B+'. The outlook is stable. At the same time, the 'B' short-term sovereign credit rating was affirmed.

Moody's Investors Service ("Moody's") has affirmed the Government of Senegal's Ba3 long-term issuer ratings and changed the outlook to stable from negative. The rating on Senegal's foreign-currency senior unsecured debt has also been affirmed at Ba3. The short-term rating was affirmed at Not Prime (NP).

Fitch Ratings has affirmed Egypt's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.

In Senegal, the port of Dakar raised $ 169 million (for $ 107 million sought) on the WAEMU financial market after only 12 days of subscription. A sign of investor confidence. The funds will be used, among other things, for the construction of the industrial port zone of the future port of Ndayane.