Company Overview

An independent, nationally licensed credit rating agency serving Cambodia's capital markets since 2022.

Who We Are

Cambodia’s First Credit Rating Agency

The Rating Agency of Cambodia (RAC) is an independent, nationally licensed credit rating agency established to provide objective assessments of creditworthiness for entities operating within and beyond Cambodia’s financial markets.

RAC serves as an authoritative reference for investors, financial institutions, regulators, and the broader business community seeking reliable credit risk information. Our ratings are developed through rigorous quantitative and qualitative analysis, underpinned by transparent methodologies aligned with international best practices.

Licensed by the Securities and Exchange Regulator of Cambodia (not NBC), RAC has built a trusted reputation over more than 16 years of consistent, independent analysis.

Phnom Penh, Kingdom of Cambodia

RAC corporate environment

Established 2022

Trusted by Cambodia’s capital markets

Our Purpose

Mission & Vision

The principles that define how RAC serves Cambodia’s capital markets with independence and integrity.

Our Mission

To provide independent, credible, and timely credit ratings that contribute to the development of Cambodia’s capital markets, support informed decision-making, and promote financial stability across the region.

Our Vision

To be the most trusted and respected credit rating agency in Southeast Asia, recognised for our analytical rigor, ethical standards, and meaningful contribution to regional financial market development.

What Guides Us

Our Core Values

01

Independence

credit rating awarded without influence, interference or conflict of interest.

02

Transparency

so that investors, regulators and users at large can evaluate the credit rating process.

03

Credibility

credit analysis methodology that is professional, consistent and applying international best practices

04

Integrity

Every analyst adheres to a strict code of conduct and conflict-of-interest policy.

Our History

Our Milestone

Key milestones in RAC’s growth as Cambodia’s leading independent credit rating agency.

Feb. 2022

Company Incorporated

Oct. 2022

First Credit Rating in Cambodia

To present

Our experiences to Present: served in more than 10 industries

Jul. 2022

Accreditation as CRA from SERC

Jun. 2023

Became a member of Association of Credit Rating Agency in Asia

Our License

Learn about our license to operate as an independent credit rating agency.

Our Licence