News
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 ...
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Cambodia has capacity to meet financial commitments
What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...
Moody's offers update on Kingdom's credit outlook
Improved fiscal management and preparation for a decline in foreign aid would help increase Cambodia’s credit rating, according to a quarterly credit opinion from Moody’s Investor Service, which maintained a stable outlook for the country. Reduced exposure to crisis and stagnation in Western economies, continued foreign ...
S&P downgrades Acleda, keeps outlook stable
Hours after downgrading Cambodia’s long-term sovereign credit rating, ratings agency Standard & Poor’s said it had also decided to lower the credit rating for Acleda Bank to B from B+, though it maintained its outlook for the bank as stable. The decision follows a similar decision ...
