Senegal has been rated A-/A2 by Bloomfield Investment Corporation. The announcement was made on September 30, 2021, and took place in Dakar in the presence of Abdoulaye Daouda Diallo, Minister of Finance and Budget, the IMF Representative in Senegal, the National Director of the BCEAO, the Managing Directors of the Senegalese Financial Authorities and the President of Bloomfield Investment Corporation,

The president of Bloomfield Investment Corporation, Stanislas Zézé presented the highlights of the rating. It reveals that Senegal obtained a long-term investment grade of A- (low risk) and a short-term investment grade of A2 (low risk). The long-term investment grade A- reflects high credit quality. “The protective factors are good. However, risk factors are more variable and more important during periods of economic pressure,” Bloomfield explains. In the short term, the A2 grade means that the certainty of timely repayment is good. The factors that strengthen Senegal's rating are based in particular on a debt strategy based on concession debt, making it possible to limit the cost of debt and generally satisfactory budget execution despite the restrictive context in 2020

In addition, Senegal has maintained political stability, an ambitious development plan whose results need to be improved, and good growth prospects, backed by the exploitation of hydrocarbons. Among the risk factors weighing on Senegal's rating, a rising debt level, as part of the financing of the Emerging Senegal Plan, an economy that remains highly dependent on external resources, a worsening budget deficit, in connection with the pandemic response plan, and negative economic growth in 2020, linked to the Covid-19 pandemic