Rating Agency of Cambodia’s rating criteria is forward-looking. Even though we have set in place specific rating criteria and methodology by industry or sector, for the purpose of common knowledge and transparency to various users of information, we have provided a general framework on how we rate corporates and debt instruments.

• RAC combines Industry Risks and Company Specific Risks to arrive at Business Risks
• RAC analyzes the company’s Financial Risks by gauging liquidity and availability of the company’s cash flow.