Moody's confirms Vietnam International Bank

Moody's Investors Service said it confirmed the D- bank financial strength rating of Vietnam International Bank. Its Ba3/not-prime local-currency deposit and issuer ratings, foreign-currency issuer ratings and B1/not-prime foreign-currency deposit ratings remain unaffected.

The outlook is stable.

This action concludes the review for possible downgrade that began in May. The review was originally prompted by concerns over the bank's profitability, capital levels and overall credit worthiness under the deteriorating operating conditions in Vietnam, Moody's said.

The ratings are supported by the bank's core earnings generation, adequate liquidity and credit risk management, as well as modest capital adequacy, the agency said.

The bank's franchise also benefits from modest risk-weighted capitalization that supports its ability to remain profitable within a more challenging operating environment, Moody's added.

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