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Title: Vietnam Macro Flash - Fitch’s Negative Watch has “Bite”
Category: Economy
Source: Citigroup Global Markets Inc.
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Date: 3/12/2010 Pages: 5 Language: English File Type: Size: 116 Kb
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Summary:
Fitch’s FC rating outlook change to “negative watch”, which is even closer to a downgrade than a “negative” outlook, puts it ahead of the other rating agencies in moving Vietnam’s rating lower. Moody’s rates Vietnam Ba3 rating with negative outlook while S&P rates Vietnam at ‘BB’ with negative outlook (in our view, it is shocking that S&P rates Indonesia a notch lower than Vietnam)
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