S&P revises Senegal's outlook to stable from negative

(Reuters) - S&P has revised Senegal's sovereign credit rating outlook to stable from negative and affirmed the country's 'B+/B' long- and short-term foreign and local currency ratings.

S&P said it revised the outlook because it believed the Senegalese government will succeed in cutting its fiscal deficit and carry out reforms that will lead to faster economic growth.

Source: http://news.yahoo.com/p-revises-senegals-outlook-stable-negative-064927374.html

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