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

Citigroup said BOAD, the African Export–Import Bank, the Africa Finance Corp., and Ecobank Transnational are most exposed to corporate credit risk under Senegal’s planned debt treatment. The note is a credit-quality caution for lenders with higher corporate exposure, with likely limited immediate market impact absent quantified losses or rating actions.