US rating agency Moody''s for the first time assigned long-term
local and foreign currency deposit and issuer ratings of B2 to Tien
Phong Commercial Joint Stock Bank (TP Bank), with stable outlook.
Credit ratings agency Moody''s has responded positively to the State Bank of Vietnam''s Circular 06/2016/TT-NHNN on asset-liability management and real estate loans.
The 2015 results of Vietnamese banking testified to an ongoing process
of recognising and cleaning up problem assets, a credit positive,
Moody''s said in a new report released midweek.
Moody''s Investors Service raised the outlook on Viet
Nam''s banking system to stable from a negative assessment, noting a
stable business climate, improved macro-economic situation and easing
liquidity stress.
The credit quality of Vietnamese banks has improved, thanks to the
combination of macroeconomic stability and improved governance, Moody''s
said on Thursday.
Viet Nam plans to issue new State bonds in international capital markets
for debt rescheduling, Government officials said at a recent meeting in
Ha Noi.
Vietnamese banks can improve their liquidity by selling bad loans to the
Vietnam Asset Management Company (VAMC), but the related economic risks
still exist, noted a Moody''s Investors Service''s report.
The State Bank of Viet Nam (SBV), countering Moody''s valuation this
week, yesterday reaffirmed that the bad debt ratio of the banking system
was 3.63 per cent last December.
Moody''s Investors Service yesterday affirmed the
debt and deposit ratings of the Viet Nam Bank for Industry and Trade
(VietinBank) as B2 in local currency and B3 in foreign currency. The
outlook on the bank''s ratings is stable.