Moody’s Warns Senegal Debt Rework Likely Tantamount to Default

Moody's Investors Service said Senegal's debt restructuring plan would likely meet the definition of default under its rating methodology, even though the country continues to pay its scheduled obligations. Senegal is reworking billions of dollars in debt as part of its fiscal adjustment program. The rating agency's assessment applies its specific criteria for determining default status independent of whether payments are current.

• Bloomberg — Moody’s Warns Senegal Debt Rework Likely Tantamount to Default

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