Moody’s says debt is stable, open to risk
Ratings agency Moody’s kept the outlook on Cambodia’s government debt at stable, though the firm said that the risk of default was still high and had raised concerns over the country’s ability to manage its finances. In a report released on Sunday, Moody’s said that Cambodia’s credit rating remained unchanged at B2, a level that designates a country able to meet its financial commitments though open to risk in the case of adverse business, financial or economic conditions. Moody’s also confirmed that Cambodia’s debt levels – as of the end of 2010 – stood at 44.3 percent of gross domestic product, or $52 billion. That amount stands in contrast to debt figures that have been cited recently by Prime Minister Hun Sen and other senior officials from within the ruling CPP, which range from $2 billion to $7 billion…
