Our Services

What We Offer

Credit Rating Services

Rating Agency of (Cambodia) Plc. (“RAC”) provides two types of credit rating services, accredited by the Securities and Exchange Regulator of Cambodia (SERC) to support the development of Cambodia’s capital markets.

Issuer Credit Rating

Independent opinion on corporate credit standing.

An issuer credit rating reflects RAC’s opinion on a company’s overall creditworthiness — its capacity and willingness to meet financial obligations. This rating helps investors, lenders, and counterparties assess the default risk of a corporate entity.

  • Overall corporate creditworthiness assessment
  • Supports investor and lender decision-making
  • Published opinion with transparent methodology
  • Applicable across sectors and industries

Debt Instruments Rating

For fundraising through the capital market.

A debt instruments rating evaluates the credit risk of a specific bond or debt security issued in the capital market. It enhances liquidity and depth of the bond market by improving the quality of available information for investors.

  • Ratings for bonds and debt securities
  • Supports capital market fundraising
  • Improves transparency for investors
  • Encourages broader participation in Cambodia’s bond market

How It Works

The Rating Process

01

Mandate & Agreement

Issuer submits rating request. RAC signs engagement letter and assigns lead analyst team.

02

Data Collection

Issuer provides financial statements, business plans, and supporting documentation.

03

Analysis & Modelling

Analyst team conducts financial modelling, peer benchmarking, and qualitative assessments.

04

Rating Committee

A minimum three-member Rating Committee deliberates and assigns the rating.

05

Appeal Period

The issuer has 5 business days to appeal the rating with new substantive information.

06

Publication

Final rating and press release published on RAC’s website and submitted to regulators.

Ready to Get Rated?

Contact our team to discuss the right rating service for your organisation.

Contact Us →