FiinRatings: Credit Rating Announcement on VietCredit (BBB- | Outlook: Stable)

19 May 2021 - 05:07 PM Alternate Text

 

FiinRatings would like to announce the first credit rating result of VietCredit Finance Joint Stock Company (“VietCredit”) issued on May 19th, 2021.

This rating is the first Issuer Credit Rating (ICR) for VietCredit. An ICR reflects our view of the senior unsecured credit rating of an issuer and is not specific to a debt instrument such as bond or certificate of deposit (CD) that it may issue.

This initially public credit opinion marks  not only the tremendous efforts of FiinRatings as a regional credit rating agency but also greatly of regulators and other market participants in Vietnam. It should be highlighted that the ratings follow our well-built methodologies that apply specifically for Vietnam financial market and business conditions, thus not equivalent to the international scales. Our rating methodology and criteria has been established with considerable support from global experts, approved by the Ministry of Finance, and published on the FiinRatings website.

Since being officially licensed on March 20th, 2020, and after a long time of preparation, we have rated 3 issuers and this is our first public rating result announcement. We believe that the rating results will gradually support each market participant in obtaining standardized information and contribute to the transparency and development of Vietnam's capital market. FiinRatings desire to accompany with the market participants and media to jointly develop Vietnam's capital market.

Details of this rating announcement HERE.

If you have any questions, please feel free to contact us via email: fiinratings@fiingroup.vn or Ms. Pham Hoang Anh – Client Advisor at 0931.736.292 or email her at anh.phamhoang@fiingroup.vn.

FiinGroup

Source: