Moody's Ignites Vietnam's Financial Scene With Pioneering VIS Credit Rating Venture
Portfolio Pulse from Nabaparna Bhattacharya
Moody's Corporation has unveiled the Vietnam Investors Service And Credit Rating Agency Joint Stock Company (VIS Rating), in partnership with Vietnamese financial institutions. The Vietnam Ministry of Finance issued a credit rating agency license to VIS Rating. The agency will provide credit rating services to domestic corporate issuers in Vietnam. Moody's shares closed lower by 0.79% to $340.69 on Tuesday.
September 20, 2023 | 12:33 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Moody's Corporation has launched a new credit rating agency in Vietnam, which could potentially expand its market and increase revenues. However, the company's stock closed lower by 0.79%.
The launch of VIS Rating in Vietnam represents a potential expansion of Moody's market, which could lead to increased revenues in the future. However, the immediate impact on the company's stock has been negative, with a 0.79% drop. This suggests that investors may be adopting a 'wait and see' approach to this development.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100