Fitch affirms Vietinbank

Fitch Ratings said it affirmed Vietnam Bank for Industry and Trade's (Vietinbank) individual rating at D/E and its support rating at 4.

The ratings are based on the bank's good client franchise, satisfactory profitability, acceptable asset quality and adequate capitalization, Fitch said.

The ratings also factor in the volatile economic environment in Vietnam, the agency said. Although the authorities' propensity to support the bank is high given its 100%-state ownership, Fitch said it the government's ability to do so is limited.

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