Senegal Debt Plan Poses Low Risk
Senegal plans to rework its foreign currency debt but regional banks face limited risk. SP notes domestic debt exposure could bring costs if restructured.
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Senegal's foreign-currency debt restructuring poses limited risk to sub-Saharan African banks due to low exposure, S&P Global Ratings said on Thursday. The plan follows Dakar's push to secure a $2.2B IMF program. Regional lenders hold minimal international sovereign debt from Senegal.
