Moody’s maintains sovereign debt rating

[geovalin]

Hor Kimsay

 

Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position.

 

However, it warned of the dangers of Cambodia’s rapid private-sector credit growth, the high level of dollarisation and the narrow economic base vulnerable to external shocks.

 

According to the Moody’s report, the credit strengths of Cambodia’s rating include the robust growth supported by garment exports, tourism and sizeable foreign direct investment (FDI) inflows.

 

read more http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating

 

 

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[Ulic]

I can't believe these ratings agencies are even in business. A complete scam.