S&P gives first credit rating to Cambodia bank

AP
Friday, January 11, 2008

PHNOM PENH, Cambodia -- Standard & Poor's gave its first credit rating to a Cambodian bank Thursday,

saying the country's banking industry is poised to benefit from strong growth but is still fragmented and lacks financial depth.

The rating agency also said it has decided to categorize Cambodia's banking industry in terms of risk assessment in the tenth and lowest group, on par with Bolivia, Jamaica, Ukraine and Venezuela. It assigned Acleda Bank Plc., Cambodia's third-largest bank, a B+/B credit rating. B+ is four levels below investment grade.

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S&P gives first credit rating to Cambodia bank

APFriday, January 11, 2008

AP
Friday, January 11, 2008