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.

Moody's Investors Service ("Moody's") has assigned first-time local and foreign-currency issuer ratings of B2 to the Government of Cameroon. The ratings carry a stable outlook.

Fitch Ratings has affirmed Cameroon's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'. The Outlooks are Stable. The issue rating on Cameroon's senior unsecured foreign currency bond has also been affirmed at 'B'. The Short-term foreign currency IDR has been affirmed at 'B'. Fitch has also affirmed the Country Ceiling for Cameroon at 'BBB-', in line with the Country Ceiling for the Communaute Economique et Monetaire d'Afrique Centrale (CEMAC).

Fitch Ratings has affirmed Cameroon's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B'. The Outlooks are Stable. The Short-term foreign currency IDR has been affirmed at 'B'. Fitch has also affirmed the Country Ceiling for Cameroon at 'BBB-', in line with the Country Ceiling for the Communaute Economique et Monetaire d'Afrique Centrale (CEMAC) .