Moody’s says Cambodia, ‘Stands Out’ for flood risks

Moody’s Investors Service has said Thursday that Cambodia was among three countries in the Asia-Pacific region most exposed to flood risks arising from climate change.

In a statement received from Frankfurt, Moody’s said climate risks such as rising sea levels, droughts, floods and wildfires were particularly negative for credit ratings in emerging markets.

“Many countries are exposed to at least one climate hazard, with emerging markets generally more likely to face multiple challenges than advanced economies,” the U.S. credit rating agency said.

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Sao Da – AKP