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Title: Vietnam Macro Flash: Moody’s Downgrades to B2 on Old Information - Correction
Category: Economy
Source: Citigroup Global Markets Inc.
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Date: 9/28/2012 Pages: 6 Language: English File Type: Size: 6 Kb
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Summary:

 

Moody’s downgrades to B2 from B1, revising outlook to stable from negative*— The two key drivers it cites are: 1) “higher likelihood of contingent risks to the government balance sheet will be realized” due to the weakness in the banking system; and, 2) “expectation of lower medium-term growth prospects”, essentially as  the banking system is “encumbered” to intermediate credit.

Link: https://www.citivelocity.com

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