S&P revised Vingroup’s outlook to negative from stable
Vingroup’s leverage will likely remain elevated over the next 12-18 months, driven by its increasing debt-funded capital expenditure in the auto business.
Vingroup’s leverage will likely remain elevated over the next 12-18 months, driven by its increasing debt-funded capital expenditure in the auto business.
The global credit rating firm Standard & Poor’s (S&P) has raised its long-term corporate credit rating on Vingroup Joint Stock Company to 'B+' from 'B' to highlight its good sales execution, scale expansion and stable outlook.
Standard & Poor's Global Ratings has reviewed and announced its periodical credit ratings on four Vietnamese banks including the Joint Stock