The rating agency Standard and Poor’s (S & P) has just noted Senegal’s rating. The country of Téranga is going from B + with a stable outlook, to B + with a positive outlook.
Revealed by the rating agency on June 15, the announcement was made by the services of the Ministry of Economy, Finance and Planning this Wednesday, June 20. “This improvement in the outlook follows the upgrading of the rating assigned by Moody’s affirming the positive development of the macroeconomic framework,” says the department.
The same source indicates that “S & P’s opinion is based on the consolidation of growth in Senegal which should remain strong over the period 2018 – 2021 and the Government’s efforts to reduce the budget deficit and the current account deficit.”
By way of comparison, it is argued that “only South Africa (Baa3 / BB), Morocco (BBB-) and Namibia (Ba1) have a better rating than Senegal (stable Ba3, B + / positive outlook)”, of the 16 African countries “with an international financial rating”.
In addition, it is noted that Côte d’Ivoire has the same Moody’s rating as Senegal (Ba3 stable). However, its Fitch rating, which is the same as Senegal’s S & P, is based on a stable outlook.
