Moody’s upgrades VN’s ratings from B1 to Ba3
VGP – Moody’s Investor Service leveled up the Vietnamese Government’s long-term issuer and senior unsecured ratings from B1 to Ba3 and changed the outlook from positive to stable, according to the Ministry of Finance.
The maintenance of strong growth helps stabilize and gradually control the Government’s debt.
Long average maturity of Government debts and a diminishing reliance on foreign currency debt point to a stable and gradually moderate the government’s debt burden. Government debt structure limits susceptibility to financial shocks.
The growth potential is supported from huge investment, including Foreign Direct Investment in higher valued added areas.
Moody’s expects that the growth in production will boost the economy’s economic growth.
By Thuy Dung