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Fitch announces new credit rating on Vietnam's property giant Vingroup

The global credit rating agency Fitch Ratings has just maintained a B + rating and stable outlook for the country's largest real-estate company Vingroup JSC (Vingroup).

Fitch Revises Outlook for Vietnam to Positive; Affirms at 'BB-'

Fitch Ratings has revised the Outlook on Vietnam's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to Positive from Stable and affirmed the ratings at 'BB-'. The ratings on Vietnam's senior unsecured foreign- and local-currency bonds are also affirmed at 'BB-'. The Country Ceiling is affirmed at 'BB-' and the Short-Term Foreign-and Local-Currency IDRs at 'B'.

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