Do you know which are the largest Vietnamese banks? - Bank For Investment And Development Of Vietnam - Vietnam Joint Stock Commercial Bank For Industry And Trade (Vietinbank) - Vietnam Bank For Agriculture And Rural Development Agribank - Joint Stock Commercial Bank For Foreign Trade Of Vietnam (Vietcombank) - Sai Gon Joint Stock Commercial Bank #Vietnamesebanks #BankForInvestmentAndDevelopmentOfVietnam #Vietcombank #Vietinbank
Credit ratings have well-known weaknesses and they tend to reflect reality too late for investors.
They still give a good picture of what is going on.
On Tuesday, Fitch upgraded the long-term issuer default rating of MBB (Military Commercial Joint Stock Bank) to ‘B+’ from ‘B’ with a stable outlook
In a report released the same day, the agency also upgraded the viability rating of Vietcombank and Vietinbank to ‘b’ from ‘b-’.
“The positive rating action takes into account t