Vietnamplus

Moody's Investors Service has raised ratings of many Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.

Credit rating agency Moody's recently announced its rating upgrade on Agribank's long-term foreign-currency deposit rating from B1 to Ba3.

The Bank for Investment and Development of Viet Nam (BIDV)'s foreign-currency deposit rating has been raised from B1 to Ba3 by Moody’s.

The Bank for Investment and Development of Vietnam (BIDV)’s long-term local and foreign currency deposit and long-term issuer ratings have remained at Ba3, according to global rating agency Moody’s Investor Services.

Moody’s Investors Services has recently affirmed Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) B2 long-term local and foreign currency deposit ratings.

Moody’s Investors Service has taken rating actions on 14 Vietnamese commercial banks in its latest report issued on August 14.

The Bank for Investment and Development of Vietnam (BIDV) is the largest State-owned bank by total assets, according to Moody's Investors Service.