Ratings Agency Retains Stable Growth Outlook for Cambodia
Rating agency Standard & Poor’s (S&P) on Friday reaffirmed Cambodia’s long-term sovereign credit rating of “B” due to the country’s positive growth outlook, but again warned of risks related to the country’s narrow economic base. … “Economic output growth is vulnerable due to the still large weight of agriculture, and the narrow profile of both the industry and service sectors,” the report says, adding that agriculture comprises 30 percent of the overall gross domestic product, while employing nearly 60 percent of the population. …
