On Oct. 14, 2016, S&P Global Ratings affirmed its 'B' long-term and 'B' short-term sovereign credit ratings on the Republic of Cameroon. The outlook is stable.
OVERVIEW
We project that Cameroon's real economic growth will remain robust, averaging 5.3% in 2016-2019, despite the sharp drop in oil prices and terrorist threats in the country's Far North region.
However, in our view, Cameroon's creditworthiness remains constrained by weak institutions, uncertainties related to presidential succession, low per-capita income, and rising government and external indebtedness.
We are therefore affirming our 'B/B' sovereign credit ratings on Cameroon.
The stable outlook reflects our expectation that, over the next 12 months, Cameroon's economic growth will remain robust and that external and government debt burdens will not significantly increase beyond our current assumptions.
