Control credit, says Moody’s
While Cambodia’s Moody’s rating is still at the same B2 level as last year, its economic growth has been downgraded two points from 2015, with the international credit rating agency warning that the Kingdom’s rapid pace of credit growth could pose financial stability risks. “The pace of increase in overall credit, and the risks associated with speculative real estate activity in some markets, point to probability of a boom-bust cycle – which would have severe effects on the economy and banking system – despite the central bank having implemented measures to curb growth in bank loans,” the Moody’s press release said yesterday. …
May Kunmakara
http://www.khmertimeskh.com/news/28970/control-credit--says-moody-s/
