S&P Global Ratings warned Senegal's public finances face mounting pressure as the country seeks renewed IMF support after a suspended $1.8 billion facility. The ratings agency maintains a negative outlook on Senegal's CCC+ foreign currency rating, signaling vulnerability to debt default.

Investors have shunned Senegal's bonds since the hidden debt discovery, pushing yields on 2031 debt to 24.56% and widening the sovereign premium above US Treasuries to over 1,500 basis points. This places yields comparable to distressed nations like Lebanon and Venezuela.

Senegal's financing needs equal about 30% of GDP, with limited access to international markets forcing reliance on regional credit. An IMF mission visits Dakar next week as the country faces critical debt restructuring decisions that will determine its financial future.