Research Update: Vietnam Export Import Commercial Joint Stock Bank Assigned 'B+/B' And 'axBB/axB' Ratings; Outlook Stable Nov 12
- Language: English
- Published: November 2012
- Region: Vietnam
Standard & Poor's recently revised its methodology and assumptions for rating sovereign governments. Consequently, we are lowering the local currency long-term rating on Vietnam to 'BB-' from 'BB'. In line with this, we are lowering our ASEAN regional scale long-term rating to 'axBB' from 'axBB+'. We are also affirming our foreign currency sovereign credit rating on Vietnam at 'BB-/B', the short-term issuer credit rating at 'B' and our short-term ASEAN scale rating at 'axB'. The negative outlook on the ratings reflects our view that Vietnam faces risks of near-term economic and financial instability. On Aug. 19, 2011, Standard & Poor's Ratings Services lowered its local currency long-term sovereign credit rating on the Socialist Republic of Vietnam to 'BB-' from 'BB',...
Companies mentioned in this report are:
- Vietnam (Socialist Republic of)
Action: Outlook: Negative
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Product Type: Research Update
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