Economy · 21. April 2020

Fitch Ratings has revised the outlook of 5 Vietnamese banks because the low growth rate caused by the Covid-19 pandemic is likely to negatively impact banks’ credit information in the near future. Lower long-term issuer default rating (IDR) Fitch Ratings has revised the Long-term Issuer Default Ratings (IDR) of two state-owned banks and one 100% foreign-owned bank in Vietnam from Positive to Stable, and outlook on the two joint stock commercial banks to Negative from Stable. Specifically, the...