Moody's Upgrades SeABank's Outlook to Positive from Stable
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HANOI, Vietnam, June 1, 2021 /PRNewswire/ --
Moody's Investors Services (Moody's) raised its outlook for Southeast Asia Commercial Joint Stock Bank's (SeABank
- Vietnam
, stock code SSB)
to Positive from Stable and affirmed SeABank's long-term credit rating at B1 for the third year in a row.
The positive outlook on the ratings of SeABank reflects Moody's view that improvements in asset quality over recent years - which could translate into lower credit costs and higher profitability - could raise the bank's BCA over the next 12 - 18 months.
Moody's upgrades SeABank's outlook to Positive from Stable