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S&P Downgrades Senegal After Government Unveils Debt Rework

S&P Global Ratings cut Senegal’s credit score further into junk territory, saying a distressed debt exchange or default on the country’s foreign-currency commercial debt is “extremely likely” after the government launched a plan to restructure its obligations.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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