News
Moody’s Downgrades Acleda, Cites Risk
Ratings agency Moody’s changed its outlook on Acleda Bank’s financial strength yesterday to “negative” from “stable” and downgraded its rating of the bank’s local currency deposits to Ba2 from Ba1. The rating downgrade was applied due to changes in shareholders at the bank over the ...
Major bank downgrade
Moody’s Investors Service announced yesterday it had downgraded the credit rating of ACLEDA Bank, citing the departure of two of the bank’s major investors in as many years. The loss of a second big sharehol-der in the first half of this year had led to ...
http://www.phnompenhpost.com/index.php/2011090251414/Business/major-bank-downgrade.html