May 15, 2018 / 1:33 AM / 6 months ago

Fitch raises Vietnam sovereign credit rating to 'BB' from 'BB-'

May 15 (Reuters) - Ratings firm Fitch raised Vietnam’s long-term foreign-currency issuer default rating (IDR) to ‘BB’ from ‘BB-‘, with a stable outlook, the agency said.

The ratings agency said the upgrade reflects Vietnam’s improving policy-making aimed at strengthening macroeconomic performance. (Reporting by Subrat Patnaik in Bengaluru Editing by Shri Navaratna)

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