Moody's upgrades Vietnam one notch to B1

July 29 Tue Jul 29, 2014 3:55am EDT

July 29 (Reuters) - Moody's Investors Service on Tuesday upgraded its rating on Vietnam's senior unsecured bonds to B1 from B2, citing macroeconomic stability and a strengthening in the balance of payments and external payments position of the country.

"The stable outlook for the B1 rating reflects the expectation of continued macroeconomic stability, which, in turn, would further support the restructuring of the banking system and augment the country's external payments position," the ratings agency said. (bit.ly/1lQFg6c) (Reporting by Arnab Sen in Bangalore; Editing by Gopakumar Warrier)

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