|
|
 |
|
Viewing report
|
|
|
|
Bank for Foreign Trade of Vietnam Dec 11
Standard & Poors, Dec 2011
Abstract
Very weak capitalization Potentially higher credit costs from a volatile operating environment Strong business position as the fourth largest domestic bank in Vietnam Government support, given its systemic importance to Vietnam Standard & Poor's Ratings Services bases its ratings on Bank for Foreign Trade of Vietnam's (Vietcombank) 'strong' business position, 'very weak' capital and earnings, 'adequate' risk position, 'above-average' funding, and 'adequate' liquidity, as 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 issuer credit rating (ICR). The anchor for a commercial bank operating only in Vietnam is 'b'. The BICRA score is based on...
Companies mentioned in this report are: Bank for Foreign Trade of Vietnam
Action: Review
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: Full Analysis
|
|
|
|
