Moody upgrades Agribank's long-term foreign-currency deposit

Moody upgrades Agribank's long-term foreign-currency deposit rating | Business


Transactions at Agribank (Photo: VNA)
Hanoi (VNA) - Credit rating
agency
Moody's recently announced its rating upgrade on
Agribank's long-term
foreign-currency deposit rating from B1 to Ba3.
Agribank has been assigned Ba3 for
issuer rating and ratings for long-term domestic and foreign currency deposits,
equivalent to Vietnam's national ratings. The outlook for Agribank's ratings of
issuer and
long-term deposits is negative, equivalent to the negative outlook
for Vietnam's national rating.
According to Moody's assessments,
Agribank has made remarkable progress in handling legacy problem assets in
recent years, contributing to improving asset quality stability.
Its capital mobilisation and liquidity are
at good level, mainly from individual customers and less affected by market

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