Fitch Downgrades Cameroon as Eurobond Yield Surges to 10.65%

On October 16, 2026, Fitch Ratings downgraded Cameroon’s long-term sovereign default rating from B to B-, with a stable outlook. The local-currency rating was also lowered to B-, while the country ceiling fell from B+ to B. Three days later, the yield on Cameroon’s 2033 eurobond reached a record 10.65%. Fitch cited uncertainty over Paul Biya’s succession and the drying up of the regional market as factors weighing on the country’s financing prospects.