Standard Chartered Bank Vietnam has announced that it has obtained a first-time rating from Fitch at BB and BBB- for its long-term issuer default foreign currency rating and local currency rating respectively. The outlooks on these ratings are stable.
Fitch Ratings has affirmed Vietnam property developer Vingroup JSC''s
(Vingroup) Long-Term Foreign and Local Currency Issuer Default Ratings
(IDR), senior unsecured rating and the rating on its senior notes at
''B+''.
The creation of the Viet Nam Asset Management Company (VAMC) is unlikely
to fully resolve asset-quality problems by the banks unless accompanied
by meaningful regulatory measures, global rating agency Fitch Ratings
said on Tuesday.
