ANZ Bank (Vietnam) Limited (ANZVL) today announced that it has received the highest possible Foreign Currency rating outcome of "BB" from Fitch, and a "BBB-" Local Currency rating.
Jodi West, Country Head Vietnam, said the Foreign Currency rating is capped at Vietnam's sovereign rating of BB.
"Vietnam is an important part of ANZ's International network and today's positive rating outcome is a strong affirmation of our well-established business in the country," Ms West said. "We look forward to continuing to serve our Institutional customers in Vietnam and supporting their trade and capital requirements."
ANZVL operates in Vietnam as a locally incorporated subsidiary of Australia and New Zealand Banking Group Limited (ANZ). Fitch Ratings is a leading provider of credit ratings, commentary and research.
