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Kingdom receives first B+ credit rating

Kingdom receives first B+ credit rating

CYPRUS-based credit rating agency Capital Intelligence assigned its first-ever rating of a B+ to Cambodia yesterday, according to a press release. The rating assessed the general creditworthiness of the country and likelihood that it would meet its financial obligations in a timely manner. The firm highlighted the Kingdom’s relatively successful economic management, its medium-term growth prospects, and donor support, but mentioned some concerns when issuing the rating. “The economy is small and vulnerable to shocks as the production base is relatively undiversified and exports are concentrated in terms of product and destination,”and Cambodia’s credit outlook was stable, it said.

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