Cambodia has been ranked B2 and B-plus in its first sovereign debt ratings from Moody's

and Standard & Poor's, officials from the government and its financial ratings

advisor, investment bank Credit Suisse, announced. Moody's ranked Cambodia a speculative

grade B2, like Bosnia-Herzegovina and Venezuela, which puts the Kingdom one notch

lower than Indonesia and the Philippines, two lower than Vietnam and seven lower

than Thailand. Standard & Poor's ranked Cambodia a B-plus, equivalent to that

of Mongolia and Pakistan, but again lower than Vietnam and Thailand. The ratings

function as indicators of risk for foreign investment.