|Moody’s upgraded the long-term local and foreign-currency deposit and issuer ratings of Vietcombank. — Photo Vietcombank|
HÀ NỘI — Moody’s Investors Service on Tuesday upgraded the ratings of 14 Vietnamese banks, driven by its upgrade of
Under the latest rating actions on
Moody’s also upgraded the long-term counterparty risk ratings (CRR) and counterparty risk assessments (CRAs) of VietinBank and BIDV, and affirmed those of Vietcombank.
Besides the large-sized banks, Moody’s also upgraded the long-term foreign-currency deposit ratings of ACB, Military Bank and Techcombank. All other ratings of these three banks were affirmed.
At the same time, Moody’s also upgraded the long-term local and foreign-currency bank deposit and issuer ratings of five banks named An Bình Bank, LienVietPostBank, TPBank, VIB and VP Bank. All other ratings of these five banks were affirmed.
The long-term CRR and CRA of SHB, HDBank and OCB were also upgraded. All other ratings of these three banks were affirmed.
Moody’s has also changed the outlook for the local currency deposit and local and foreign-currency issuer ratings of eight banks -- Vietcombank, BIDV, VietinBank, An Bình Bank, LienVietPostBank, TPBank, VIB and VP Bank -- from positive to stable.
According to Moody’s, the baseline credit assessments (BCAs) and adjusted BCAs assigned to the 14 banks are unaffected by Tuesday’s rating actions.
The credit ratings, assessments and outlooks assigned to the other two Moody’s-rated banks in
The upgrade in
Following the upgrade of
Moody’s said that the baseline credit assessments (BCAs) of the 14 Vietnamese banks could also be upgraded if the macroeconomic and operating conditions for banks in Việt Nam improve, leading to a higher macro profile for the country. — VNS