EIB: S&P assigns ‘B+/B’ rtg to Eximbank

The Vietnam Export Import Commercial Joint Stock Bank (Eximbank) has disclosed the result of credit rating by the Standard & Poor’s Ratings Services (S&P):

-         “--We assess the Vietnam-based bank's stand-alone credit profile to be 'b+'.

-         --We are assigning our 'B+/B' issuer credit rating to Eximbank. We are also assigning our 'axBB/axB' ASEAN regional scale rating to the bank.

-         --The stable outlook reflects our expectation that Eximbank will maintain its financial profile and temper growth amid difficult operating conditions in Vietnam.”

-         (Source: Reuters)

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