Fitch assigns stable rating to Home Credit Vietnam

Friday, Jul 06, 2018 19:23

Home Credit employee introduces its products to a customer. — VNS Photo

Fitch Ratings has assigned Home Credit Vietnam Company Limited a long-term issuer default rating of ’B+’ and a short-term rating of ’B’.

The assignment shows a stable outlook for the company.

Home Credit’s ratings are based on Fitch’s assessment of its standalone credit profile and reflect its financial performance and position in a growing market that is more prone to business and economic volatility.

In May the company was assigned a B3, or stable, credit rating by Moody’s.

It is the first non-banking financial institution (NBFI) in Viet Nam that Fitch and Moody’s have rated and the first in the country to get international credit ratings.

Home Credit is a consumer credit company that has been operating in Viet Nam since 2008.

It is headquartered in HCM City and has branches in Ha Noi and nine representative offices in other provinces and cities. — VNS

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