Standard & Poor's Ratings Services bases its ratings on Vietnam Technological and Commercial Joint Stock Bank's (Techcombank's) "strong" business position, "weak" capital and earnings, "adequate" risk position, "above-average" funding, and "adequate" liquidity, as those terms are defined under our criteria. The stand-alone credit profile (SACP) is 'b+'. Our bank criteria use our BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an ICR. The anchor for a commercial bank operating only in Vietnam is 'b'. The BICRA score is based on our evaluation of economic risk, characterized by a low-income economy, developing financial system, and evolving policy framework. Risk of economic imbalances is very high and the credit risk extremely high, reflecting...
Companies mentioned in this report are: Vietnam Technological And Commercial Joint Stock Bank
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