Moody's rates Vietnam Commercial Bank B1, B2

Moody's Investors Service said it assigned the following ratings to Vietnam Joint Stock Commercial Bank for Industry and Trade:

• B1 long-term foreign currency debt rating to the proposed issue of senior unsecured notes;

• B2/Not Prime long- and short-term foreign currency deposits;

• B1/Not Prime long- and short-term local currency deposits;

• B1/Not Prime long- and short-term foreign currency issuer ratings;

• B1/Not Prime long- and short-term local currency issuer ratings; and

• Bank financial strength rating of E+.

Moody's said the outlook for all ratings is stable, except for the foreign currency senior unsecured notes and foreign currency deposit and issuer ratings, which carry a negative outlook, in line with the outlook for the foreign currency ceilings of Vietnam.

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