Citibank warns Senegal's political rift raises risk of debt reprofiling

Citigroup has warned that the political fallout between Senegal's president and his former prime minister has raised the likelihood of a debt reprofiling — a milder form of restructuring — rather than an outright debt restructuring. The bank flagged growing fiscal uncertainty in the West African nation. The political rupture has worsened investor sentiment toward Senegal's sovereign debt.