Cambodia boosts growth with local rating agency; local and foreign investors have more trust in govt, says officials

The Cambodia Securities Exchange (CSX) in the capital’s Daun Penh district. - Phnom Penh Post/ANN

PHNOM PENH (Phnom Penh Post/ANN): Sou Socheat, Cambodian director-general of the Securities and Exchange Regulator of Cambodia (SERC), stressed the importance of the country’s local rating agency, noting the crucial nature of such mechanisms in earning investors’ trust and enhancing the credibility of corporations.

He said the institutions facilitate the delivery of independent and transparent ratings; however, he added that domestic agencies must adopt best-practice rating processes and methodologies that are on par with regional peers.