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Despite a growing indebtedness and political uncertainties, S&P maintains “B/B” grade for Cameroon

Despite a growing indebtedness and political uncertainties, S&P maintains “B/B” grade for Cameroon
  • Comments   -   Tuesday, 25 April 2017 11:41

(Business in Cameroon) - The American rating agency S&P Global Ratings just confirmed the “B” grade given to the long and short term sovereign debt of the Republic of Cameroon, coupled with a stable perspective, we officially learned. “We are expecting the economic growth of Cameroon to remain stable through the implementation of vast public investment projects”, explained S&P.

The stable perspective attached to this sovereign rating for Cameroon, stressed the agency, “reflects our solid and sustainable growth projections in the country, and progressive budget consolidation in the next year”.

As it happens, highlighted the American rating agency, “the solvency of the country remains conditioned by the uncertainties on the succession at the presidency, low income per capita and increase in the external and public debt”.

S&P additionally specified that Cameroon's rating could be improved provided that its opinion “regarding the institutions of Cameroon should considerably improve”. In other words, explains the agency, “if more transparency and certainty with regards to the succession at the presidency became more apparent and if the economy of the country was boosted by new investments and structural improvements without creating additional unbalances”.

Brice R. Mbodiam

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