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Research Update: Vietnam 'BB-' FC Rating Affirmed; LC Rating Lowered To 'BB-' From 'BB' On Revised Methodology; Outlook Negative Aug 11 Product Image

Research Update: Vietnam 'BB-' FC Rating Affirmed; LC Rating Lowered To 'BB-' From 'BB' On Revised Methodology; Outlook Negative Aug 11

  • ID: 1887239
  • August 2011
  • Region: Vietnam
  • Standard & Poors

Abstract
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: Affirmed
Action: Downgraded
Action: Outlook: Negative

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- Vietnam (Socialist Republic of)

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