Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch upgrades ratings of 7 banks in Vietnam, including StanChart, HSBC, ANZ

Fitch Ratings has upgraded the long-term foreign-currency issuer default rating (IDR) of six banks in Vietnam to ‘BB+,’ one to ‘BB,’ and one unchanged at ‘BB-,’ the rating agency announced Wednesday.

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

Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’

Fitch upgrades ratings of Petrovietnam, Vietnam Electricty, subsidiaries to ‘BB+’

Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of state-owned oil-gas group Petrovietnam, state utility Vietnam Electricity (EVN), and subsidiaries of the two power giants to “BB+” with a “Stable” outlook.

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

Fitch upgrades Vietnam rating to 'BB+'; outlook stable

Fitch upgrades Vietnam rating to 'BB+'; outlook stable

Fitch Ratings has upgraded Vietnam's Long-Term Foreign-Currency Issuer Default Rating (IDR) to “BB+”, from “BB”, with stable outlook.

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

Fitch Ratings forecasts Vietnam economy to grow 6.3% in 2024

Fitch Ratings forecasts Vietnam economy to grow 6.3% in 2024

Vietnam’s economy is predicted to grow 6.3% in 2024 and 7% in 2025 thanks to support from domestic fiscal and monetary policies, following a slowdown in 2023, Fitch Ratings has said.

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

Fitch assigns PV Power “BB” rating, 'positive outlook'

Fitch assigns PV Power “BB” rating, 'positive outlook'

Fitch Ratings has assigned PV Power, a subsidiary of state-run Petrovietnam, a long-term foreign-currency issuer default rating (IDR) of 'BB' with a “positive outlook.”

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

Fitch Ratings assigns EVN transmission unit 'positive outlook'

Fitch Ratings assigns EVN transmission unit 'positive outlook'

Fitch Ratings has assigned EVNNPT, the national power transmission corporation under state utility Vietnam Electricity (EVN), a long-term foreign-currency issuer default rating (IDR) of 'BB' with “positive outlook.”

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

Fitch upgrades Vietcombank, Vietinbank ratings, outlook positive

Fitch upgrades Vietcombank, Vietinbank ratings, outlook positive

Fitch Ratings has upgraded the Long-Term Issuer Default Rating (IDR) of Vietcombank and Vietinbank to ‘BB’ and MBBank to ‘BB-‘, while affirming that for Standard Chartered Bank Vietnam and ANZ Bank Vietnam at ‘BB’.

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

Fitch Ratings affirms Vietnam at 'BB', outlook positive

Fitch Ratings affirms Vietnam at 'BB', outlook positive

Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating (IDR) at 'BB', with a positive outlook.

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

Fitch affirms Vietnam Electricity at 'BB', outlook positive

Fitch affirms Vietnam Electricity at 'BB', outlook positive

Fitch Ratings has affirmed Vietnam Electricity's (EVN) long-term foreign-currency issuer default rating at 'BB' with a positive outlook and the state utility's senior unsecured rating of 'BB'.

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