Citigroup Warns Senegal Debt Plan Exposes West African Banks to Credit Risk

According to Citigroup, Senegal's planned debt restructuring places significant corporate credit risk on major regional lenders, including BOAD, Afreximbank, Africa Finance Corp, and Ecobank.

4 Sept, 13:32 — 4 Sept, 13:32

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bloombergHigh2d ago

Senegal Debt Plan Exposes BOAD, AFC to Credit Risk, Citi Says

The West African Development Bank, or BOAD, the African Export–Import Bank, the Africa Finance Corp. and Ecobank Transnational Inc. are the most exposed to corporate credit risk under Senegal’s planned debt treatment, according to Citigroup Inc.

By David Herbling

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Citigroup Warns Senegal Debt Plan Exposes West African Banks to Credit Risk

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Senegal Debt Plan Exposes BOAD, AFC to Credit Risk, Citi Says

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