Moody’s, the international ratings agency, recently lowered Senegal’s sovereign credit rating from Caa1 to Caa2 on August 28, 2026. This decision was primarily driven by significant refinancing pressures and the prolonged absence of a formal program with the International Monetary Fund (IMF). However, for Member of Parliament Thierno Alassane Sall, who also leads the République des Valeurs (RV) party, this critical financial situation stems from what he describes as the “irresponsible fratricidal conflict” unfolding between President Diomaye Faye and his former political mentor, Ousmane Sonko.
“It came as no surprise that Senegal’s credit rating has once again been downgraded by Moody’s,” Thierno Alassane Sall declared. “This latest reduction is partly attributable to the reckless internal struggle being waged by those inaccurately labeled ‘Kiiraay’ and ‘Pastef,’ referring to Diomaye and Sonko. This is the source to which the Senegalese people owe a portion of the worsening of their living conditions, the intensification of their suffering, and the widespread social hardship they now face.”
Furthermore, the deputy called upon the populace to “remember, during the upcoming electoral periods, the responsibility, and more critically, the sheer disregard shown by both the executive and parliament in the face of the trials they endure,” urging them to “remove them all” from power.
This downgrade in Senegal’s credit rating unfolds precisely as an IMF mission is currently engaged in discussions with the government in Dakar, aiming to establish a new financial program for the nation.
“It came as no surprise that Senegal’s credit rating has once again been downgraded by Moody’s,” Thierno Alassane Sall declared. “This latest reduction is partly attributable to the reckless internal struggle being waged by those inaccurately labeled ‘Kiiraay’ and ‘Pastef,’ referring to Diomaye and Sonko. This is the source to which the Senegalese people owe a portion of the worsening of their living conditions, the intensification of their suffering, and the widespread social hardship they now face.”
Furthermore, the deputy called upon the populace to “remember, during the upcoming electoral periods, the responsibility, and more critically, the sheer disregard shown by both the executive and parliament in the face of the trials they endure,” urging them to “remove them all” from power.
This downgrade in Senegal’s credit rating unfolds precisely as an IMF mission is currently engaged in discussions with the government in Dakar, aiming to establish a new financial program for the nation.
