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Banking Industry Country Risk Assessment On Vietnam Raised To Group 9 From Group 10 Apr 07
Standard & Poors, April 2007
Abstract
SINGAPORE (Standard & Poor's) April 23, 2007--Standard & Poor's Ratings Services said today that it raised its Banking Industry Country Risk Assessment (BICRA) on Vietnam to Group 9 from Group 10. This action primarily reflects improved economic risk environment due to the country's favorable economic growth prospects, underpinned by investments and productivity gains and improving (although still inadequate) infrastructure. This improvement in the banking industry country risk is a positive element that underpins all bank credit ratings in Vietnam. This type of action alone will not automatically lead to upgrades of the financial institutions in a specific country, but it could contribute to a change in a bank's ratings. Other countries included in Group 9 are: Russia, Costa Rica, and...
Companies mentioned in this report are: Socialist Republic of Vietnam,Bank for Foreign Trade of Vietnam
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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