Topic: Moody's

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.

Vietnam one of four countries to receive an upgrade from Moody’s since the beginning of the year.

Moody’s has announced that it will maintain its positive “B1” credit rating for the Tien Phong Commercial Joint Stock Bank (TPBank). Only five other joint stock commercial banks in Vietnam received this rating in this year’s assessments from Moody’s.