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Prospect News home > News index > List of issuers C > Headlines for Cameroon > News item |
Fitch ups Cameroon IDR to B
Fitch Ratings said it has upgraded the Republic of Cameroon's foreign currency issuer default rating (IDR) to B from B-.
Following the upgrade, the outlook is stable.
The local currency IDR rating is affirmed at CCC with a positive outlook. Its short-term foreign currency IDR is affirmed at B.
Cameroon's country ceiling rating of BBB- was also affirmed.
Fitch said the upgrade reflects the significant debt relief that Cameroon will be granted in 2006 and the continuing improvement of the fiscal situation of the country.
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