Vietnam's debt downgraded

29 July 2010, 1:32 am

HANOI - RATINGS agency Fitch on Thursday 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+.... Read More »

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