Moody’s give positive ratings to three commercial banksMoody’s Investors Service has upgraded the long-term local-currency bank deposits ratings and local- and foreign-currency issuer ratings of three banks of Vietnam from B2 to B1. Moody’s Investors Service upgrad​es the long-term local-currency bank deposits ratings and local- and foreign-currency issuer ratings of three commercial banks, including Techcombank. The banks include Asia Commercial Joint Stock Bank (ACB), Military Commercial Joint Stock Bank (MBBank) and Vietnam Technological and Commercial Joint Stock Bank (Techcombank). Moody’s also raised the baseline credit assessment (BCA) for these three banks from b2 to b1. At the same time, Moody's has affirmed the long-term local- and foreign-currency deposit and issuer ratings of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) at B2, and upgraded the bank's BCA to b2 from b3.

Source: VietNamNet News April 09, 2018 03:33 UTC