Barclays Sees Senegal’s Debt Burden Easing After Data is Rebased

Senegal’s heavy debt burden, which has triggered its second credit-rating downgrade in five months, could ease sharply when the government does a technical reset of economic data later this year, according to Barclays Plc.

The emerging oil and gas producer’s 2024 nominal gross domestic product could be lifted by between 15% to 25%, Barclays analyst Michael Kafe wrote in a note to clients, pushing debt-to-GDP back toward or below 100% from 119% currently.