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Notification on Credit Ratings of ACLEDA Bank Plc.

November 24, 2021 | Unofficial Translation

It is a great honor for ACLEDA Bank Plc. (ABC), the first commercial bank in Cambodia listed its shares on the Cambodia Securities Exchange (CSX), to announce the public that on 23 November 2021, the Global Ratings Agency—Standard & Poor's (S&P) has assigned Stand-Alone Credit Profile (SACP) ratings to the ABC at "bb" and Credit Ratings at "B+/Stable/B".

These ratings are obtained due to (1) a strong business franchise, stable revenue streams, and strong retail deposit base underpin the ratings and (2) manageability of the asset quality. All of these factors reflect the strength of the ABC's business network operation by maintaining sustainable development.

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Credit Ratings of ACLEDA Bank Plc.
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