S&P raises Vietnam’s credit rating with stable outlook

Standard and Poor’s (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Vietnam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports.

In August 2018, credit rating agency Moody’s Investors Service has also upgraded Vietnam’s long-term issuer and senior unsecured ratings to Ba3 from B1 and changed the outlook to stable from positive.

Fitch Rating in May 2018 upgraded Vietnam’s long-term foreign-currency issuer default rating to BB from BB- with a stable outlook.

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