Moody’s affirms Vinacomin

Moody's Investors Service said it affirmed the B3 corporate family rating for Vinacomin Holding Corp. Ltd.

The outlook remains stable.

"Vinacomin's B3 rating is primarily driven by its standalone credit quality as captured by its b3 baseline credit assessment, which in turn continues to reflect its strategic importance in managing Vietnam's coal and mineral reserves, and its demonstrated access to low-cost credit from the local banking sector to support its expansion projects," Moody's analyst Maisam Hasnain said in a news release.

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