Moody’s assigns first-time ratings to two Vietnam banksMoody’s has assigned first-time ratings this year to Vietcombank and Maritime Bank. Vietcombank’s foreign currency deposit rating is positioned at B2, in line with Vietnam’s foreign currency deposit ceiling. These resulted in a one-notch rise in its rating to reach B3, above the bank’s Caa1 BCA, Moody’s said. Vietcombank’s ratings outlook on the issuer and deposit ratings is stable. MBS’s ratings outlook on the issue and deposit ratings to Maritime Bank is positive.

Source: VietNamNet News July 11, 2016 01:41 UTC