Fitch Ratings has withdrawn the ratings on Vingroup JSC.
Fitch Ratings has announced on June 18 its affirmation for Home Credit Vietnam Finance Company Limited’s long-term Issuer Default Rating (IDR) at B+ and short-term IDR at B, with stable outlook.
Fitch Ratings has affirmed Vietnam’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB’ and revised the outlook to positive.
The company needs to invest around $700-800 million annually to meet its investment requirements.
Vingroup said that it is willing to take risks, even trade-off some short-term economic benefits to concentrate all its resources on automobile project VinFast.
Electricity of Vietnam (EVN) is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.
Fitch Ratings has upgraded Vietnam’s rating from "BB-" to "BB" proving the nation’s improvement on economic growth, foreign exchange reserves and government debt.
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