Moody's Investors Service, on August 10, leveled up the Government of Vietnam's long term issuer and senior unsecured ratings from B1 to Ba3 and changed the outlook from positive to stable.
Moody’s Investors Service said that Vietnam’s real GDP growth will remain robust, averaging 6.7 percent in 2018, in its annual credit analysis released on April 3.
Moody’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 has assigned a B3, or stable, credit rating to Home Credit Vietnam Finance Company Limited, making it the first consumer finance company in Vietnam to get the rating.
The profitability of Vietnamese banks is strengthening as robust economic growth fuels credit demand and supports an improvement in asset quality, but challenges are also apparent, Moody’s Investors Service said in a recent report.
Moody’s Investor Services projected Vietnam’s annual GDP growth to stay at around 6.4 percent during the 2018-2022 period in its latest report issued on August 10.