S&P Global Ratings to acquire 43.4% stake of Vietnam's credit rating agency FiinRatings

S&P Global Inc., the financial analytics arm of credit rating agency S&P Global Ratings, will acquire a 43.4% minority shareholding in Vietnam’s leading credit rating agency FiinRatings.

In a Tuesday announcement, S&P Global Ratings said the transaction is subject to approval of the Vietnamese government. The parties expect the investment transaction to close in the second quarter of 2025.

The investment extends a long-standing partnership between the two companies and significantly increases their commitment to strengthening credit-rating standards and efficient and liquid debt capital markets in Vietnam, one of the world’s fastest-growing emerging nations, according to S&P Global Ratings.

S&P Global Ratings has been associated with FiinRatings since 2020, with the relationship expanding in June 2022 when FiinRatings became a technical collaboration partner of S&P Global. The collaboration will expand further, with both parties committed to boosting knowledge transfer, product development, branding, sales, events, marketing, analytical cooperation, and exchange of best practices.

S&P Global Ratings' extensive global expertise and resources can enhance FiinRatings' ability to meet the evolving needs of enterprises and investors, thereby delivering greater value to Vietnam’s growing capital markets, said Nguyen Quang Thuan, chairman and CEO of FiinRatings.