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Update news S&P
The rating of BB+ that Vietnam has been given by S&P to Vietnam is close to the “investment grade” group, which means that if Vietnam gets BBB- it will be in the investment portfolios of many financial institutions in the world.
The Nasdaq and S&P 500 closed at new record highs after US tech firms reported strong first quarter profits.
Standards and Poor’s (S&P) and Moody’s, two of the world’s three most prestigious credit-rating firms, have said that tensions in the East Sea and public disorder in some localities of Vietnam had not affected Vietnam’s credit ratings.
U.S. stocks bounced back on Tuesday from Monday's pullback, with both the Dow Jones Industrial Average index and S&P 500 closing at all-time highs, bolstered by strong gains in health insurance companies.
The US Justice Department plans to sue Standard & Poor's over its rating of mortgage bonds prior to the 2008 financial crisis, S&P said Monday.
Ratings agency Standard and Poor's raised Greece's sovereign debt rating by six notches on Tuesday encouraged by a burst of support for Athens from eurozone partners.