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Vietnam Rating Affirmed

Vietnam Rating AffirmedVietnam Rating Affirmed

Two major credit rating agencies, Moody’s and Standard & Poor’s, affirmed Vietnam’s sovereign rating, citing the country’s strong foreign direct investment inflows, macroeconomic and external stability and modest external debt burden.Moody’s affirmed the government of Vietnam’s B1 issuer and senior unsecured debt ratings, while it raised the outlook to positive from stable, VNA reported. Moody’s B1 rating, four steps below investment grade, is considered relatively stable, with a moderate chance of default. The company also raised its assessment of Vietnam’s local-currency bond to Baa3 from Ba1, while the foreign currency bond remained at Ba2.

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