Credit rating agency Moody's keeps Sacombank outlook at stable

Credit rating firm Moody's has maintained its "stable" outlook for Sacombank (Code:STB).

The bank's standalone credit capacity continued to be rated at E+, equivalent to long-term credit at B1, thanks to its branch and ATM networks, assets value (the sixth largest in Viet Nam), and lower bad debt and higher capital adequacy ratio compared to the market average, among others.

Moody's also rated deposits in dong and foreign currency as B1 and B2, the highest among Vietnamese institutions.

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