{"id":13680,"date":"2022-06-06T13:42:17","date_gmt":"2022-06-06T06:42:17","guid":{"rendered":"https:\/\/gtjai.com.vn\/?p=13680"},"modified":"2022-06-16T11:27:34","modified_gmt":"2022-06-16T04:27:34","slug":"sp-raises-the-credit-rating-of-vietnam-and-guotai-junan-international-to-high-level","status":"publish","type":"post","link":"https:\/\/gtjai.com.vn\/en\/sp-raises-the-credit-rating-of-vietnam-and-guotai-junan-international-to-high-level\/","title":{"rendered":"S&P raises the credit rating of Vietnam and Guotai Junan International to high level"},"content":{"rendered":"

Vietnam is one of only two countries in Asia-Pacific that have been upgraded by the S&P Global Ratings since the beginning of the year. S&P also reaffirmed Guotai Junan International’s credit rating at a high level and \u201cstable\u201d outlook.<\/strong><\/p>\n

See the full report.<\/a><\/em><\/p>\n

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S&P raises Vietnam’s credit rating<\/strong><\/p>\n

On May 26, Standard & Poor’s (S&P) Global Ratings upgraded Vietnam’s long-term sovereign credit rating to BB+, a “stable” outlook. S&P upgrade shows the economy is on a solid recovery track following the government\u2019s decisions to ease domestic COVID-19 restrictions and reopen its borders to the world, as well as due to its impressively improved vaccination and a flexible shift in COVID-19 control policy.<\/p>\n

In addition, S&P forecasts Vietnam’s GDP growth in 2022 of about 6.9% with a long-term trend of 6.5-7% from 2023. A marked improvement in administrative reform, especially related to external debt burden management, a strong economic outlook, a firm international position, and a robust FDI inflow are important factors that further support the rating.<\/p>\n

S&P is one of the world’s top three prestigious institutions in terms of credit rating for countries and international organizations. S&P raised Vietnam’s sovereign credit rating in the context of global fluctuations and challenges is extremely positive, according to the Ministry of Finance of Vietnam. This move expresses the appreciation of the international community for Vietnam’s efforts to stabilize and recover the macroeconomics, strengthening the socio-political foundation.<\/p>\n

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S&P reaffirmed Guotai Junan International\u2019s BBB+ Long-term Issuer Rating<\/strong><\/p>\n

S&P also recently updated Guotai Junan International’s (GTJAI) credit rating report, reaffirming the Group as the Issuer of “BBB+” in the long term and “A-2” in the short term, with the outlook assessed at “Stable”. In early 2021, Moody’s Investor Service also continued to rate the long-term credit rating of the issuer “Baa2” for GTJAI.<\/p>\n