The sovereign credit rating of Sénégal has been lowered by Moody’s from Caa1 to Caa2 on August 28, 2026. This downgrade reflects significant refinancing challenges and the prolonged absence of a formal program with the International Monetary Fund (FMI). However, for Deputy Thierno Alassane Sall, who also leads the République des Valeurs (RV) party, the blame for this economic downturn lies squarely with what he terms the “irresponsible fratricidal conflict” between President Diomaye Faye and his former mentor, Ousmane Sonko.
“Predictably, Sénégal’s rating has once again been downgraded by Moody’s. This decline is partly attributable to the reckless fratricidal conflict waged by those often referred to as ‘Kiiraay’ and ‘Pastef,’ specifically between Diomaye and Sonko. It is to these individuals that the Senegalese people owe a portion of their deteriorating living standards, the intensification of their hardships, and the widespread social deprivation,” Thierno Alassane Sall asserted.
Furthermore, the parliamentarian urged citizens to “remember, during upcoming elections, the accountability and, crucially, the indifference of both the executive and Parliament in the face of the trials they endure,” advocating for their removal from office.
This latest credit rating downgrade occurs as an FMI delegation is currently engaged in discussions with the government in Dakar, aiming to establish a new financial program.
“Predictably, Sénégal’s rating has once again been downgraded by Moody’s. This decline is partly attributable to the reckless fratricidal conflict waged by those often referred to as ‘Kiiraay’ and ‘Pastef,’ specifically between Diomaye and Sonko. It is to these individuals that the Senegalese people owe a portion of their deteriorating living standards, the intensification of their hardships, and the widespread social deprivation,” Thierno Alassane Sall asserted.
Furthermore, the parliamentarian urged citizens to “remember, during upcoming elections, the accountability and, crucially, the indifference of both the executive and Parliament in the face of the trials they endure,” advocating for their removal from office.
This latest credit rating downgrade occurs as an FMI delegation is currently engaged in discussions with the government in Dakar, aiming to establish a new financial program.
