{"id":369,"date":"2026-07-09T09:18:11","date_gmt":"2026-07-09T09:18:11","guid":{"rendered":"https:\/\/webdemo.giantandro.com\/rating\/about\/licence\/"},"modified":"2026-08-07T02:43:27","modified_gmt":"2026-08-07T02:43:27","slug":"licence","status":"publish","type":"page","link":"https:\/\/webdemo.giantandro.com\/rating\/about\/licence\/","title":{"rendered":"Our Licence"},"content":{"rendered":"<p>[vc_row el_class=&#8221;rac-vc-row rac-licence-vc rac-section rac-section&#8211;muted rac-licence__accr&#8221;][vc_column el_class=&#8221;rac-vc-column&#8211;contained&#8221;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;accr&#8221;]<\/p>\n<div class=\"rac-licence__head\">\n<p class=\"rac-label rac-label--line\">SERC Accreditation<\/p>\n<h2 class=\"rac-heading rac-heading--lg\">Accreditation of Rating Agency of (Cambodia) Plc. (&#8220;RAC&#8221;)<\/h2>\n<\/div>\n<div class=\"rac-licence__grid\">\n<div class=\"rac-licence__main-card\">\n<div class=\"rac-licence__copy rac-rich-text\">The Securities and Exchange Regulator of Cambodia (SERC) granted the &#8220;Accreditation of Credit Rating Agency&#8221; to the Rating Agency of (Cambodia) Plc. on 12th July 2022, which serves as an important milestone for spurring the development of Cambodia&#8217;s nascent capital market by elevating local and foreign investors&#8217; confidence. Bond rating will enhance the liquidity and depth of the bond market, by improving the quality of available information, increasing the participation of investors as they will have more options to achieve their investment objectives, and also encouraging companies to issue more bonds which enables them to diversify their source of funds, accelerate investment, and employment to the benefit of Cambodia&#8217;s economy.<\/div>\n<p><a class=\"rac-licence__serc-link\" href=\"https:\/\/www.serc.gov.kh\" target=\"_blank\" rel=\"noopener noreferrer\"><br \/>\nVisit SERC<br \/>\n<\/a><\/p>\n<\/div>\n<aside class=\"rac-licence__details-card\">\n<p class=\"rac-licence__details-heading\">Accreditation Details<\/p>\n<div class=\"rac-licence__details-list\">\n<div class=\"rac-licence__detail-row\">\n<div class=\"rac-licence__detail-icon rac-licence__detail-icon--shield\" aria-hidden=\"true\"><\/div>\n<div>\n<p class=\"rac-licence__detail-label\">Regulator<\/p>\n<p class=\"rac-licence__detail-value\">Securities and Exchange Regulator of Cambodia (SERC)<\/p>\n<\/div>\n<\/div>\n<div class=\"rac-licence__detail-row\">\n<div class=\"rac-licence__detail-icon rac-licence__detail-icon--award\" aria-hidden=\"true\"><\/div>\n<div>\n<p class=\"rac-licence__detail-label\">Accreditation<\/p>\n<p class=\"rac-licence__detail-value\">Accreditation of Credit Rating Agency<\/p>\n<\/div>\n<\/div>\n<div class=\"rac-licence__detail-row\">\n<div class=\"rac-licence__detail-icon rac-licence__detail-icon--calendar\" aria-hidden=\"true\"><\/div>\n<div>\n<p class=\"rac-licence__detail-label\">Date Granted<\/p>\n<p class=\"rac-licence__detail-value\">12 July 2022<\/p>\n<\/div>\n<\/div>\n<div class=\"rac-licence__detail-row\">\n<div class=\"rac-licence__detail-icon rac-licence__detail-icon--building\" aria-hidden=\"true\"><\/div>\n<div>\n<p class=\"rac-licence__detail-label\">Entity<\/p>\n<p class=\"rac-licence__detail-value\">Rating Agency of (Cambodia) Plc.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row el_class=&#8221;rac-vc-row rac-licence-vc rac-section rac-licence__impact&#8221;][vc_column el_class=&#8221;rac-vc-column&#8211;contained&#8221;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;impact-head&#8221;]<\/p>\n<div class=\"rac-licence__head\">\n<p class=\"rac-label rac-label--line\">Market Impact<\/p>\n<h2 class=\"rac-heading rac-heading--lg\">Why Bond Ratings Matter<\/h2>\n<div class=\"rac-licence__intro rac-rich-text\">SERC accreditation enables RAC to contribute to a deeper, more transparent bond market for Cambodia.<\/div>\n<\/div>\n<p>[\/vc_column_text][vc_row_inner el_class=&#8221;rac-licence__benefits&#8221;][vc_column_inner el_class=&#8221;rac-licence__benefit-col&#8221; width=&#8221;1\/4&#8243;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;benefit-1&#8243;]<\/p>\n<article class=\"rac-licence__benefit-card\">\n<div class=\"rac-licence__benefit-icon rac-licence__benefit-icon--trending-up\" aria-hidden=\"true\"><\/div>\n<h3>Market liquidity &amp; depth<\/h3>\n<div class=\"rac-rich-text\">Bond ratings enhance the liquidity and depth of Cambodia&#8217;s bond market.<\/div>\n<\/article>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=&#8221;rac-licence__benefit-col&#8221; width=&#8221;1\/4&#8243;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;benefit-2&#8243;]<\/p>\n<article class=\"rac-licence__benefit-card\">\n<div class=\"rac-licence__benefit-icon rac-licence__benefit-icon--award\" aria-hidden=\"true\"><\/div>\n<h3>Quality information<\/h3>\n<div class=\"rac-rich-text\">Improves the quality of available information for investors and issuers alike.<\/div>\n<\/article>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=&#8221;rac-licence__benefit-col&#8221; width=&#8221;1\/4&#8243;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;benefit-3&#8243;]<\/p>\n<article class=\"rac-licence__benefit-card\">\n<div class=\"rac-licence__benefit-icon rac-licence__benefit-icon--users\" aria-hidden=\"true\"><\/div>\n<h3>Broader investor participation<\/h3>\n<div class=\"rac-rich-text\">Gives investors more options to achieve their investment objectives.<\/div>\n<\/article>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=&#8221;rac-licence__benefit-col&#8221; width=&#8221;1\/4&#8243;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;benefit-4&#8243;]<\/p>\n<article class=\"rac-licence__benefit-card\">\n<div class=\"rac-licence__benefit-icon rac-licence__benefit-icon--building\" aria-hidden=\"true\"><\/div>\n<h3>Economic growth<\/h3>\n<div class=\"rac-rich-text\">Encourages bond issuance, diversifies funding sources, and supports investment and employment.<\/div>\n<\/article>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_class=&#8221;rac-vc-row rac-licence-vc rac-section rac-licence__cta&#8221;][vc_column el_class=&#8221;rac-vc-column&#8211;contained&#8221;][vc_row_inner el_class=&#8221;rac-licence-cta&#8221;][vc_column_inner el_class=&#8221;rac-licence-cta__col rac-licence-cta__col&#8211;copy&#8221; width=&#8221;2\/3&#8243;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;cta-copy&#8221;]<\/p>\n<div class=\"rac-licence-cta__copy\">\n<h2>Explore RAC&#8217;s Governance &amp; Oversight<\/h2>\n<div class=\"rac-rich-text\">Understand how RAC maintains independence, regulatory compliance, and transparent rating practices.<\/div>\n<\/div>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner el_class=&#8221;rac-licence-cta__col rac-licence-cta__col&#8211;actions&#8221; width=&#8221;1\/3&#8243;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;cta-actions&#8221;]<\/p>\n<div class=\"rac-licence-cta__actions\"><a class=\"rac-btn rac-btn--outline rac-licence-cta__btn-secondary\" href=\"\/rating\/company-overview\/\">Company Overview <\/a><\/div>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row el_class=&#8221;rac-vc-row rac-licence-vc rac-section rac-section&#8211;muted rac-licence__accr&#8221;][vc_column el_class=&#8221;rac-vc-column&#8211;contained&#8221;][vc_column_text el_class=&#8221;rac-licence-textblock rac-licence-textblock&#8211;accr&#8221;] SERC Accreditation Accreditation of Rating Agency of (Cambodia) Plc. (&#8220;RAC&#8221;) The Securities and Exchange Regulator of Cambodia (SERC) granted the &#8220;Accreditation of Credit Rating Agency&#8221; to the Rating Agency of (Cambodia) Plc. on 12th July 2022, which serves as an important milestone for spurring the development&#8230;<\/p>\n","protected":false},"author":1,"featured_media":346,"parent":133,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/rac-licence.php","meta":{"rac_page_subtitle":"Official accreditation that underpins RAC's role in developing Cambodia's capital 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