Hattha Kaksekar Limited (HKL), one of the largest microfinance institutions in Cambodia, received a BBB+ credit rating from Thailand-based Tris Rating for its strong business performance and stable financial position.
HKL is a subsidiary of Bank of Ayudhya, the fifth largest bank in Thailand in terms of assets.
“The stand-alone rating reflects HKL’s strong market position and nationwide branch network in Cambodia, diverse customer base, and good risk management systems,” Tris Rating said.
The company said in its report that HKL is a strategically important subsidiary of the Bank of Ayudhya, and that it is widely expected to receive adequate financial and liquidity support from the bank in times of financial distress.
“Tris Rating expects HKL to have adequate liquidity and the financial flexibility it needs to fund its growth plans,” the credit rating company said.
