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 ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjZmOWY5OTFhN2I

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 ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MjYzNjA5ZjFjY2YyOWExZDBmMzQ0OWQwMGVhYzJi

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 ...

http://www.phnompenhpost.com/index.php/2011120153072/Business/moodys-offers-update-on-kingdoms-credit-outlook.html

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 ...

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