Rating agency says Acleda not affected by recent surge in withdrawals

Standard & Poor’s Ratings Services said Tuesday that its single-B ratings and stable outlook for Cambodia’s Acleda Bank Plc were “unaffected” by a recent surge in ATM cash withdrawals.

A statement from Singapore said Sunday evening withdrawals after polls closed in national elections were about $4 million, two to three times the usual daily rate, and that some machines had been emptied. …