Latest News about Fitch Ratings
According to Fitch Ratings, Vietnam is positioned to stand out among Asia’s frontier and emerging markets this year as a result of its economic resilience and success in bringing the novel coronavirus pandemic under control.
Fitch Ratings has revised the outlook on the long-term issuer default ratings (IDRs) of two State-owned banks and a wholly foreign-owned bank in Vietnam to Stable from Positive,
Fitch Ratings has revised the outlook on Viet Nam's long-term foreign-currency issuer default rating (IDR) to stable, from positive, and has affirmed the rating at 'BB'.
Despite serious blows from the the global health epidemic, Vietnam’s lowered economic growth this year is nevertheless expected to remain far higher than that of regional nations
Fitch Ratings believes larger, more established finance companies are better-placed to meet the new requirements while newer, smaller companies that concentrate on cash loans may find it harder to shift their business models.
Fitch Ratings has assigned a first-time long-term foreign-currency issuer default rating (IDR) of 'BB' and long-term local-currency IDR of 'BBB' to ANZ Bank Vietnam Limited (ANZV).
Fitch Ratings has kept Vietnam's sovereign rating at 'BB' with a positive outlook.
Fitch Ratings has assigned the Vietnam Oil and Gas Group's (PetroVietnam) first-time long-term foreign-currency issuer default rating (IDR) at 'BB' with a positive outlook.
Vietnam’s banking system is becoming more susceptible to shocks as household leverage continues to increase, but near-term risk appears limited amid the benign operating environment and strong economic growth.
The Vietnamese Government has succeeded in decreasing public debt from 53 percent of GDP in 2016 to 50.5 percent by the end of last year, according to Fitch Ratings.
Fitch Ratings on Wednesday assigned Viet Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of 'BB' with a stable outlook for the first time.