Fitch Revises Cameroon's Outlook to Stable; Affirms at 'B'
Mon 12 Apr, 2021 – 8:45 AM ET Fitch Ratings – Hong Kong – 12 Apr 2021: Fitch Ratings has revised the Outlook on Cameroon’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at ‘B’. KEY RATING DRIVERS The revision of the Outlook reflects that the pandemic shock caused only a mild deterioration in public finances, which Fitch expects will be reversed, and confidence that the government will secure sufficient funding in the medium term, limiting debt service and refinancing risks. Cameroon’s public finances have proven relatively re...
Source: cameroononline.org