Standard & Poor's Ratings Services said that Cambodia's banking industry has been categorized in Group 10 in its Banking Industry Country Risk Assessment (BICRA). This reflects the country's nascent stage of development with deficiencies in the structural, institutional, and legal frameworks, it said in a report titled "Banking Industry Risk Analysis: Cambodian Banks Poised For Growth, But Structural And Institutional Vulnerabilities Exist."
Other countries in Group 10 are Bolivia, Jamaica, Ukraine, and Venezuela. (For a list of Asian BICRAs see "Banking Industry Risk Analysis: Asian Banking Systems," published April 23, 2007. For an introduction to BICRAs see "Banking Industry Country Risk: These Are The Good Old Days," published June 6, 2006.)