Topic: FiinRatings

Data from FiinRatings shows that outstanding corporate bonds as of the end of September totaled more than VND1.3 quadrillion ($53 billion), or more than 13 per cent of 2021 GDP. Non-banking enterprises have VND908.8 trillion ($37 billion) and real estate enterprises VND455 trillion ($18 billion). This accounts for only 4 per cent of total credit in the banking system.

According to FiinRatings, factors affecting the profits of securities companies include liquidity risk, proprietary trading, interest rates, and exchange rates.

FiinRatings released a report on September 20 assessing the impact of Decree No. 65/2022/ND-CP, which amends and supplements a number of articles in Decree No. 153/2020/ND-CP on offering and trading corporate bonds issued privately in the domestic market and offering corporate bonds in the international market. According to analysts, after Decree No. 65 is issued, corporate bond issuances will develop in a more healthy manner.

According to FiinRatings, though it will not be as vibrant as it was in the second half of 2021, the corporate bond market will gradually return to greater activity at the beginning of the fourth quarter of this year when the amended Decree No. 153 is issued and officially takes effect.

FiinRatings announced on July 26 that it had established a partnership with S&P Global Ratings. The latter will expand the scope of technology transfer to the former not only in terms of professional expertise but also in governance and operations, to meet global standards and practices.