Senegal lashes out at Moody's credit downgrade
Cătălin Roșioru
DAKAR Senegal has criticised Moody 's downgrade of its credit rating as "subjective and biased," as it strives to secure new aid from an IMF-supported program. Ratings agency Moody's on Oct. 10 lowered its evaluation of Senegal's longterm debt to Caa1, from B3 previously, with a negative outlook suggesting a further downgrade could occur within months. The west African nation is struggling to right its finances as it grapples with public debt amounting to 119 percent of its GDP and a budget
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