Fitch downgrades Vietnam debt rating

29 July 2010, 9:29 am

HANOI: Ratings agency Fitch yesterday downgraded Vietnam's sovereign debt, citing weakness in its external finances and banking system, a highly dollarised economy and inconsistent macroeconomic policy. In a statement, Fitch said it was downgrading Vietnam's long-term issuer default ratings on both foreign and local currency from BB- to B+. and#8212; AFP... Read More »

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