Senegal Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Negative | CCC+ Under Review | NR | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Nov 14, 2025 | S&P | B- | Negative | CCC+ | Under Review | |
| Oct 10, 2025 | Moody's | B3 | Negative | Caa1 | Negative | |
| Jul 14, 2025 | S&P | B+ | Negative | B- | Negative | |
| Feb 23, 2025 | Moody's | Ba3 | Stable | B3 | Negative | |
| Oct 18, 2024 | S&P | B+ | Stable | B+ | Negative | |
| Mar 18, 2022 | Moody's | Ba3 | Negative | Ba3 | Stable | |
| Aug 07, 2020 | Moody's | Ba3 | Under Review | Ba3 | Negative | |
| Jun 12, 2020 | Moody's | Ba3 | Stable | Ba3 | Under Review | |
| Dec 06, 2019 | S&P | B+ | Positive | B+ | Stable | |
| Jun 15, 2018 | S&P | B+ | Stable | B+ | Positive | |
| Apr 13, 2017 | Moody's | B1 | Positive | Ba3 | Stable | |
| Nov 07, 2014 | Moody's | B1 | Stable | B1 | Positive | |
| Jul 05, 2013 | S&P | B+ | Negative | B+ | Stable | |
| Mar 09, 2011 | Moody's | NR | B1 | Stable | ||
| May 27, 2010 | S&P | B+ | Stable | B+ | Negative | |
| May 26, 2009 | S&P | B+ | Negative | B+ | Stable | |
| Jul 27, 2006 | S&P | B+ | Stable | B+ | Negative | |
| Dec 18, 2000 | S&P | NR | B+ | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Senegal’s current credit rating?
Senegal’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Senegal’s credit risk.
Has Senegal’s credit rating changed recently?
This page lists the latest rating and outlook actions for Senegal, showing when each agency last reviewed or changed its assessment.
Why does Senegal’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Senegal's bond yields, currency, and equity flows as investors reassess risk.
How does Senegal’s rating compare to other countries?
You can explore how Senegal ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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