S&P raises VN’s credit rating with a stable outlook - News Summed Up

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S&P raises VN’s credit rating with a stable outlook

S&P gave a stable outlook on Việt Nam, reflecting expectation that the economy would continue to expand rapidly. Late last week, S&P raised its long-term sovereign credit rating for Việt Nam to “BB” from “BB-”. “The stable outlook reflects out expectation that Việt Nam’s economy will continue to expand rapidly, exemplifying gradual improvements in its policy-making setting and underpinning credit metrics,” S&P wrote in a press release. In August 2018, credit rating agency Moody’s Investors Service has also upgraded Việt Nam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive. Fitch Rating in May 2018 upgraded Việt Nam’s long-term foreign-currency issuer default rating to BB from BB- with a stable outlook.

Source: Viet Nam News April 09, 2019 02:16 UTC