Moody's Investors Service (Moody's) has maintained the Government of Vietnam's long-term issuer and senior unsecured ratings at Ba3 and changed the outlook to positive from negative.
The Vietnamese Ministry of Finance (MoF) has said that Moody's Investors Service’s decision to place Vietnam’s Ba3 rating under review for downgrade due to delayed payments on an obligation of the Vietnamese Government was improper as the Government has never delayed meeting debt repayment obligations.
Strong economic growth will likely continue in Vietnam over the next few years and support a stabilisation in debt, Moody's Investors Service said on August 21.
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