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Summary: ACLEDA Bank PLC Dec 11
Standard & Poors, December 2011
Standard & Poor's Ratings Services bases its ratings on ACLEDA Bank PLC's "strong" business position, "moderate" capital and earnings, "moderate" risk position, "above-average" funding, and "adequate" liquidity, as defined under our criteria. The stand-alone credit profile (SACP) is 'b+'. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating (ICR). The anchor for a commercial bank operating only in Cambodia is 'b+'. The BICRA score is based on our evaluation of economic risk, where we view Cambodia as a very small, narrow, and underdeveloped economy. We assess credit risk in the economy as extremely high because of the moderately high level of private debt,...
Companies mentioned in this report are: ACLEDA Bank PLC
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
ACLEDA Bank PLC