S&P Global Ratings has reaffirmed Techcombank’s issuer rating of BB- with a “stable” outlook, highlighting the bank’s robust profitability, stable capitalisation and strong asset quality.
Deputy Minister of Finance Nguyễn Đức Chi said that despite global uncertainties, Việt Nam’s macroeconomy remains stable with robust recovery of production, exports and foreign direct investment.
The upgrade reflects Việt Nam''s favourable medium-term growth outlook, underpinned by robust foreign direct investment (FDI) inflows, which Fitch Ratings expects will continue to drive sustained improvements in its structural credit metrics.
The market may enter a new cycle. However, the quality of newly issued bonds needs to be carefully observed, especially companies established solely for the purpose of raising capital.
Statistics showed that about 70 enterprises issued bonds worth VNĐ180.4 trillion in the first 10 months of this year and bought VNĐ190.7 trillion of bonds before maturity, an increase of 30.3 per cent over the same period last year.
The listing of shares and the implementation of a corporate credit rating will help insurance businesses improve their financial capacity, governance, and competitiveness.
The Outlook on the IDR is Positive, in line with Viet Nam''s sovereign rating of ''BB'' with a Positive Outlook. The Viability Rating (VR) was affirmed at ''b''.
Global integrated risk assessment firm Moody’s Investors Service (Moody’s) has raised the long-terrm local and foreign currrency deposit and issuer ratings the Southeast Asia Commercial Joint Stock Bank (SeABank) (SSB) to Ba3 after four consecutive years maintaining the rating at...
Moody''s Investors Service has upgraded the Government of Viet Nam''s long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.
Improving the national credit rating is implemented with a long-term vision to reduce the cost of capital mobilisation, enhance the country''s reputation, and meet the needs of socio-economic development in the future. Truong Hung Long, director of the Department of...