CAMBODIA-ECONOMY-RATINGS-SANDP-BANKING

CAMBODIA-ECONOMY-RATINGS-SANDP-BANKING

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People walk into the Acleda Bank head office in Phnom Penh, 10 January 2008. Standard and Poor’s assigned its first credit rating to a Cambodian bank on 10 January, but said the sector overall remained “fragmented,” despite a surging economy. Standard and Poor’s placed the country’s banking sector in its tenth and lowest group based on risk assessment, alongside Bolivia, Jamaica, Ukraine, and Venezuela. But it also gave Cambodia’s leading microcredit provider Acleda Bank a B+/B credit rating, saying the institution’s outlook was “stable.” AFP PHOTO/ TANG CHHIN SOTHY (Photo credit should read TANG CHHIN SOTHY/AFP/Getty Images)

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