Fitch upgrades Military Bank, affirms four banks' IDRsFitch Ratings in a February 27 report upgraded the long-term issuer default rating (IDR) of Military Bank to “B+” from “B” with a stable outlook and its viability rating to “b+” from “b”. The bank’s Fitch Core Capital ratio of 11.4 per cent at end-June 2017 was the highest among that of Fitch-rated Vietnamese banks. The long-term IDRs of Military Bank and ACB are driven by their viability ratings and reflect their smaller franchises but better loan quality compared with State-owned banks. Fitch believes the capital encumbrance of ACB and Military Bank from the under-reporting of non-performing loans is lower compared with State-owned banks. The bank’s problem loan ratio improved significantly after writing off its entire bad debts sold to the Vietnam Asset Management Company (VAMC) in 2017.