U.S. Markets open in 2 hrs 4 mins

Saigon Thuong Tin Commercial Joint-Stock Bank -- Moody's takes positive actions on Vietnamese banks

Moody's Investors Service has today upgraded the long-term local and foreign-currency issuer ratings and long-term local-currency deposit ratings of five Vietnamese banks, and affirmed the same for the other 11 Moody's-rated banks in Vietnam. Moody's also upgraded the long-term foreign-currency deposit ratings of two Vietnamese banks, and affirmed the same for the other 14. At the same time, Moody's has upgraded the long-term Counterparty Risk Ratings (CRRs) and Counterparty Risk Assessments (CRAs) of eight banks and affirmed the same for the other eight.