Zahabia Gupta warns: 'What will happen if Senegal does not get an IMF program'

Credit risk expert Zahabia Gupta, head of emerging markets credit research at Standard & Poor's, warns that the lack of an IMF program could raise questions about Senegal's long-term financing. The country faces a downgrade of its sovereign rating, with S&P lowering its local currency rating from B-/B to CCC+/C with a negative outlook. An IMF mission is expected in Dakar in the coming days.