Cameroon Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Caa1 Stable | B- Stable | B Stable | NR | NR |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Mar 22, 2024 | S&P | SD | — | B- | Stable | |
| Aug 08, 2023 | S&P | B- | Stable | SD | — | |
| Jul 27, 2023 | Moody's | B2 | Stable | Caa1 | Stable | |
| Apr 12, 2021 | Fitch | B | Negative | B | Stable | |
| Aug 07, 2020 | Moody's | B2 | Under Review | B2 | Stable | |
| May 27, 2020 | Moody's | B2 | Stable | B2 | Under Review | |
| Apr 22, 2020 | Fitch | B | Stable | B | Negative | |
| Apr 10, 2020 | S&P | B | Negative | B- | Stable | |
| Jun 14, 2019 | Moody's | B2 | Negative | B2 | Stable | |
| Apr 12, 2019 | S&P | B | Stable | B | Negative | |
| Jun 07, 2018 | Moody's | B2 | Stable | B2 | Negative | |
| Aug 05, 2016 | Moody's | NR | B2 | Stable | ||
| Nov 21, 2011 | Fitch | B | Stable | B | Stable | |
| Feb 26, 2007 | S&P | B- | Stable | B | Stable | |
| Jun 12, 2006 | Fitch | B- | — | B | Stable | |
| May 03, 2006 | S&P | CCC | Stable | B- | Stable | |
| Feb 15, 2005 | Fitch | B | Negative Watch | B- | — | |
| Dec 03, 2004 | S&P | B | Stable | CCC | Stable | |
| Jul 05, 2004 | Fitch | B | Stable | B | Negative Watch | |
| Nov 26, 2003 | S&P | NR | B | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CCC | CC |
C | CCC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Cameroon’s current credit rating?
Cameroon’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Cameroon’s credit risk.
Has Cameroon’s credit rating changed recently?
This page lists the latest rating and outlook actions for Cameroon, showing when each agency last reviewed or changed its assessment.
Why does Cameroon’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Cameroon's bond yields, currency, and equity flows as investors reassess risk.
How does Cameroon’s rating compare to other countries?
You can explore how Cameroon ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
Advertisement