Fitch Assigns Vietnam's HDBank First-Time IDR of 'BB-'; Outlook Stable

MT Newswires Live07-14 10:49

Fitch Ratings has assigned Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BB-', with a Stable outlook, according to a statement released on Monday.

The ratings agency has also assigned HDBank a Viability Rating of 'bb-' and a Government Support Rating of 'bb.' The bank's IDRs are driven by its VR and backstopped by its GSR.

Fitch said the IDR and viability rating reflect the bank's expanding banking franchise, which supports above-average profitability and a steady funding and liquidity profile.

While the bank faces risks from rapid credit growth and "moderately weaker" asset quality than its peers, they are likely to remain contained in the near term, lifted by a favorable economic environment, Fitch said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2651125057?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-14 10:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2651125057","market":"nz","top_or_hot":-1,"title":"Fitch Assigns Vietnam's HDBank First-Time IDR of 'BB-'; Outlook Stable","media":"MT Newswires Live","content":"<html><body><p> Fitch Ratings has assigned Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BB-', with a Stable outlook, according to a statement released on Monday.</p><p>The ratings agency has also assigned HDBank a Viability Rating of 'bb-' and a Government Support Rating of 'bb.' The bank's IDRs are driven by its VR and backstopped by its GSR.</p><p>Fitch said the IDR and viability rating reflect the bank's expanding banking franchise, which supports above-average profitability and a steady funding and liquidity profile.</p><p>While the bank faces risks from rapid credit growth and \"moderately weaker\" asset quality than its peers, they are likely to remain contained in the near term, lifted by a favorable economic environment, Fitch said.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fitch Assigns Vietnam's HDBank First-Time IDR of 'BB-'; Outlook Stable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFitch Assigns Vietnam's HDBank First-Time IDR of 'BB-'; Outlook Stable\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-14 10:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fitch Ratings has assigned Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BB-', with a Stable outlook, according to a statement released on Monday.</p><p>The ratings agency has also assigned HDBank a Viability Rating of 'bb-' and a Government Support Rating of 'bb.' The bank's IDRs are driven by its VR and backstopped by its GSR.</p><p>Fitch said the IDR and viability rating reflect the bank's expanding banking franchise, which supports above-average profitability and a steady funding and liquidity profile.</p><p>While the bank faces risks from rapid credit growth and \"moderately weaker\" asset quality than its peers, they are likely to remain contained in the near term, lifted by a favorable economic environment, Fitch said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4547","symbol_name":"WSB热门概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2651125057","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651125057","pubTimestamp":1783997354,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fitch Ratings has assigned Ho Chi Minh City Development Joint Stock Commercial Bank  first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings  of 'BB-', with a Stable outlook, according to a statement released on Monday.The ratings agency has also assigned HDBank a Viability Rating of 'bb-' and a Government Support Rating of 'bb.' The bank's IDRs are driven by its VR and backstopped by its GSR.Fitch said the IDR and viability rating reflect the bank's expanding banking franchise, which supports above-average profitability and a steady funding and liquidity profile.While the bank faces risks from rapid credit growth and \"moderately weaker\" asset quality than its peers, they are likely to remain contained in the near term, lifted by a favorable economic environment, Fitch said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4547":"WSB热门概念","BK4097":"系统软件","IDR":"Idaho Strategic Resources Inc","BK4168":"多种金属与采矿"},"translate_title":"惠誉首次将越南 HDBank 的 IDR 评级评为“BB-”；前景稳定","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IDR":1.5},"content_text":"Fitch Ratings has assigned Ho Chi Minh City Development Joint Stock Commercial Bank (HOSE:HDB) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BB-', with a Stable outlook, according to a statement released on Monday.The ratings agency has also assigned HDBank a Viability Rating of 'bb-' and a Government Support Rating of 'bb.' The bank's IDRs are driven by its VR and backstopped by its GSR.Fitch said the IDR and viability rating reflect the bank's expanding banking franchise, which supports above-average profitability and a steady funding and liquidity profile.While the bank faces risks from rapid credit growth and \"moderately weaker\" asset quality than its peers, they are likely to remain contained in the near term, lifted by a favorable economic environment, Fitch said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651125057","isCrawlerRequest":true}