Moody's maintains Vietcombank's BCA on review for upgrade
Singapore, December 02, 2016-- Moody's Investors Service maintains its review for upgrade on JSC Bank for Foreign Trade of Vietnam's baseline credit assessment and adjusted BCA of b2, and long-term counterparty risk assessment of B1. The BCA of Vietnam-based Vietcombank has been on review since 5 September 2016. The review incorporates our expectation that the bank's capital raising plans, if executed successfully, could lead to upward pressure on its b2 BCA.Joint Stock Bank for Foreign Trade of Vietnam is a commercial bank. Through its subsidiaries, Co. is engaged in banking transactions, including mobilizing short, medium and long term deposits from economic entities and individuals; providing short, medium and long term loans to various economic entities and individuals; conducting foreign exchange transactions; international financial and commercial services; discounting commercial notes, bonds and other valuable papers and other banking services. As of Dec. 31, 2012, Co. has about 400 branches/ transaction offices/ representative office/ affiliates both in Vietnam and abroad.
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