Vietnam 'BB-' FC Rating Affirmed; LC Rating Lowered To 'BB-' From 'BB' On Revised Methodology; Outlook Negative Aug 11
- Language: English
- Published: August 2011
- Region: Vietnam
Credit ratings on Vietnam reflect the country's low-income economy, developing financial system, and evolving policy framework. Healthy growth prospects, reinforced by the government's persistent efforts in economic restructuring, and a modest level of external indebtedness partly offset these weaknesses. We affirmed the 'BB/B' foreign currency and 'BB+/B' local currency ratings on Vietnam. The negative outlook on the ratings reflects the risks to financial stability as Vietnam banks face an economic slowdown with weakened balance sheets. On May 21, 2009, Standard & Poor's Ratings Services affirmed its 'BB/B' foreign currency and 'BB+/B' local currency sovereign credit ratings on Vietnam. The outlook on the long-term credit ratings remains negative. The credit ratings on Vietnam reflect the country's low-income economy, developing financial system,...
Companies mentioned in this report are: Socialist Republic of Vietnam
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
SHOW LESS READ MORE >
Socialist Republic of Vietnam