Moody’s rates Vietnam bond B1

Moody's Investors Service said it assigned a provisional B1 rating to the Government of Vietnam's announced dollar-denominated bond offering.

Vietnam's B1 government bond rating reflects robust growth performance relative to peers and high government debt affordability. In turn, these strengths are balanced against low GDP per capita, contingent risks posed by fragilities in the banking system and financial stress in the state-owned enterprise sector.

In July 2014, Moody's upgraded Vietnam's rating to B1 from B2 to reflect the country's recent track record of macroeconomic stability, the strengthening of its balance of payments and the easing of contingent risks in its banking sector.

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