Vietnam Upgraded To 'BB+/B' On Improved Governance on Guaranteed Debt; Outlook Stable

27 May 2022 - 05:50 PM Alternate Text

 

On May 26th, S&P Global Ratings, a technical assisting partner of FiinRatings, upgraded Vietnam's long-term sovereign credit rating to BB+ with a "Stable" outlook.  

S&P raised Vietnam's sovereign credit rating as they assessed that Vietnam's economy is on course for a steady recovery as domestic and cross-border mobility restrictions are progressively lifted following the improvement in vaccination rates and the shift from the country's zero-COVID policy 

The credit rating agency also assessed that Vietnam showed a significant improvement in government administrative processes. In the past two years, the Government has implemented rules to ensure timely payment of guaranteed debts. 

Besides the economic outlook, a good external position, and the attractiveness of FDI inflows despite the disruption caused by the pandemic are also important factors that made S&P decide to upgrade Vietnam's rating.  

Read the full S&P Global Ratings Press Release HERE.  

Regarding this event, FiinRatings will also deliver a commentary and send it to our partners, customers, and market participants.

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