Moody's upgrades outlook of Techcombank in 2024 to 'stable'

Moody's upgrades outlook of Techcombank in 2024 to 'stable'

Moody's Ratings has revised the outlook of Techcombank from negative to stable, the U.S. credit rating agency said Wednesday.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

A long way ahead to make credit rating a culture in Vietnam: Saigon Ratings chairman

A long way ahead to make credit rating a culture in Vietnam: Saigon Ratings chairman

Credit rating in Vietnam is like “putting the cart before the horse”, so to make it part of the culture will be really challenging, said Phung Xuan Minh, chairman of Saigon Ratings, the first credit rating agency in Vietnam.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Credit rating key to Vietnam’s stock market status upgrade: Saigon Ratings chairman

Credit rating key to Vietnam’s stock market status upgrade: Saigon Ratings chairman

Vietnam's low credit rating is one of the reasons why foreign investment funds are hesitant to pour capital into the country, writes Phung Xuan Minh, chairman of Saigon Ratings, the first credit rating agency in Vietnam.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam targets credit rating upgrades in 2030: Finance Minister

Vietnam targets credit rating upgrades in 2030: Finance Minister

Finance Minister Ho Duc Phoc has asked Standard & Poor's Global Ratings (S&P) and Moody's to help Vietnam further improve its credit rating by sharing experiences and relevant advice.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Moody's launches Vietnam credit rating agency

Moody's launches Vietnam credit rating agency

Moody's Corporation has launched a Vietnamese credit rating agency - its partnership with leading local financial institutions, the American firm announced on Tuesday.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fitch affirms Vietnam at 'BB', outlook positive

Fitch affirms Vietnam at 'BB', outlook positive

Fitch Ratings on Wednesday affirmed Vietnam's long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook, reflecting the country’s favorable medium-term growth outlook, strong external liquidity, and lower government debt compared with the peer median.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Moody’s downgrades Techcombank ratings, changes outlook to negative

Moody’s downgrades Techcombank ratings, changes outlook to negative

Credit rating agency Moody’s has downgraded the long-term deposit and issuer ratings of Techcombank and changed the outlook from stable to negative due to the bank’s high exposure to the struggling real estate sector in Vietnam.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

67 Vietnamese firms miss bond payment deadlines: FiinRatings

67 Vietnamese firms miss bond payment deadlines: FiinRatings

As many as 67 Vietnamese companies had failed to meet their bond payment obligations as of March 8, totalling VND89,300 billion ($3.79 billion) or 55% of their outstanding bonds, according to FiinRatings, a leading domestic credit rating agency.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Fitch Ratings assigns PV Gas 'positive outlook'

Fitch Ratings assigns PV Gas 'positive outlook'

Fitch Ratings has assigned PV Gas, a subsidiary of state-run Petrovietnam, a long-term foreign-currency issuer default rating (IDR) of “BB” with a positive outlook, the Vietnamese firm announced Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Credit rating for Dung Quat refinery operator could reach positive level BB-/BB: Mizuho

Credit rating for Dung Quat refinery operator could reach positive level BB-/BB: Mizuho

Binh Son Refining and Petrochemical JSC, operator of Vietnam’s oil refinery Dung Quat, can see its credit rating reach the positive level of BB-/BB, according to the Singaporean branch of Japanese bank Mizuho.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital no longer uses FiinRatings' credit ratings services

Bamboo Capital no longer uses FiinRatings' credit ratings services

Bamboo Capital Group (BCG) and FiinRatings, a division of FiinGroup specializing in credit rating services, have jointly announced their rating contract had expired.

Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7

Standard Chartered Bank to support Vietnam with green financing

Standard Chartered Bank to support Vietnam with green financing

Standard Chartered Bank Vietnam has inked a memorandum of understanding with Vietnam’s Ministry of Natural Resources and Environment to assist with the country’s green financing and efforts to combat climate change.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7