Cameroon: Moody’s Keeps Cameroon At CAA1 As Liquidity Risks PersistAA

Moody’s kept Cameroon’s Caa1 credit rating and stable outlook unchanged after a periodic review, while warning that weak liquidity, payment arrears and tighter regional financing conditions remain key risks. The review followed an August 13 committee meeting and was completed on August 21.

Cameroon has continued to refinance maturing debt, but access to funding has become more difficult as the regional market reaches capacity. Moody’s estimates financing needs at about 10% of GDP in 2026, with…