Moody’s Says Cambodia’s Credit Rating Remains Stable

6 March 2014

Global credit research firm Moody’s said that Cambodia’s debt rating remained stable at B2, a level assigned to countries seen as competent in meeting financial commitments but at considerable risk in the event of unfavorable business, economic or financial conditions. Cambodia had retained its B2 status despite recent political instability and disruptions to the country’s biggest earner—the garment export sector.

According to the report, foreign debt remains on the decline, touching 32% of GDP in 2013, continuing to drop down from 78% of GDP in 1998.

Real GDP growth fell slightly from 7.3% in 2012 to 7% in 2013, and could dip again in 2014 on the back of strikes and labor unrest, but remains far stronger than the projected 4% growth for other nations with a B-rating.

Source:
http://www.cambodiadaily.com/business/moodys-says-cambodias-credit-rating-remains-stable-53629/