Four Vietnamese firms licensed to provide credit rating services
Enterprises providing credit rating services must obtain a certificate of eligibility from the Ministry of Finance.
Topic: credit rating
Corporate bond debt expected at 25% of GDP by 2030
The coprate bond market of Vietnam currently estimated at $47 billion.
Workshop on role of credit ratings in corporate bond market
The corporate bond market expected to account for 25% of GDP by 2030.
VIS Rating rated LPBank's first long-term issuer credit as A+ with a stable outlook
The assessment of LPBank’s standalone credit strength reflects its asset risk, earnings ability...
Vietnam targets raising credit rating by 2030
Investment Grade rating sought, finance minister tells rating agencies during US visit.
Credit ratings to be mandatory for certain corporate bond issuances
Analysts have made positive comments about the government’s new regulations on supplementing compulsory credit ratings in certain cases for corporate bonds issued for private placement, which will apply from January 1, 2023. Some 700 businesses have bonds in circulation, totaling VND1.5 quadrillion ($63 billion), more than 43 per cent of which are enterprises subject to credit ratings.
Moody’s upgrades TPBank’s credit rating
Moody’s has upgraded TPBank’s credit rating to “Ba3”, based on assessing five key criteria: liquidity, profitability, bad debt ratio, equity, and tangible asset financing. Four of the five are at a high level at TPBank. With good profitability and risk management, TPBank was also placed by Forbes in the Top 50 best-listed companies in 2022 and is among the top seven listed banks in Vietnam.
Moody’s upgrades Vietnam’s credit rating
Vietnam one of four countries to receive an upgrade from Moody’s since the beginning of the year.