Moody’s Warns of Deeper Losses for Bondholders in Senegal Revamp

Moody's Ratings downgraded Senegal's credit rating and warned that bondholders could face larger losses than initially projected as the West African nation restructures its external debt. Senegal is seeking to rework billions of dollars in external obligations. The downgrade reflects Moody's assessment of the scope of potential bondholder losses in the debt reworking process.

• Bloomberg — Moody’s Warns of Deeper Losses for Bondholders in Senegal Revamp

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