Senegal sovereign debt

The latest development

🇿🇲 ZambiaBusiness2 Nov 2026

Moody’s raises Zambia’s debt rating to Caa1

Moody’s has raised Zambia’s sovereign rating from Caa2 to Caa1 and maintained a positive outlook, citing sustained improvement in the public debt trajectory. The agency announced the decision on 30 October 2026; the country still spends about 35% of its public revenue on interest payments, according to Moody’s.

Source: Mwebantu

Timeline

1. Monday, 2 November 2026

   • Moody’s raises Zambia’s debt rating to Caa1

     Moody’s has raised Zambia’s sovereign rating from Caa2 to Caa1 and maintained a positive outlook, citing sustained improvement in the public debt trajectory. The agency announced the decision on 30 October 2026; the country still spends about 35% of its public revenue on interest payments, according to Moody’s.

     🇿🇲 Zambia · 11:03

2. Friday, 30 October 2026

   • Moody’s keeps Senegal at Caa2 and warns of budgetary tensions

     Moody’s has maintained Senegal’s local-currency rating at Caa2 and warned that disagreements over the supplementary finance bill could strain relations with the International Monetary Fund. In its analysis published on Thursday, the agency linked these risks to tensions between the executive and the parliamentary majority, SeneNews reports.

     🇸🇳 Senegal · 18:00

   • Moody’s forecasts 35% to 65% losses on Senegal’s external debt

     Moody’s estimates that foreign private creditors could face losses of 35% to 65% as part of the treatment of Senegal’s public debt, whose long-term foreign-currency rating has been downgraded to Ca. Local-currency debt remains excluded from the operation, while prospects for external restructuring are deteriorating, according to information reported by Senego and Setal.

     🇸🇳 Senegal · 09:50

   • Moody’s cuts Senegal’s credit rating to Ca

     Moody’s has lowered Senegal’s foreign-currency credit rating from Caa2 to Ca, its fifth consecutive downgrade, according to Club of Mozambique, Seneweb and Bénin Web TV. The agency expects external private creditors to incur losses of 35% to 65% under the debt treatment. It kept the local-currency rating at Caa2 and assigned a stable outlook.

     🇸🇳 Senegal · 03:00