trending Market Intelligence /marketintelligence/en/news-insights/trending/GoQMraM0mHQkYcHvS2D5hg2 content esgSubNav
In This List

S&P assigns ratings to Shinhan Bank Vietnam

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


S&P assigns ratings to Shinhan Bank Vietnam

S&P Global Ratings assigned Shinhan Bank Vietnam Ltd. BB long-term and B short-term issuer credit ratings, with a stable outlook.

The rating agency said the ratings reflect its view that the bank will remain fundamental to the overseas business expansion plan of its parent, South Korea-based Shinhan Financial Group Co. Ltd.

Ratings views Shinhan Bank Vietnam as a highly strategic unit of the parent, adding that Shinhan Financial will remain supportive of the subsidiary's capitalization.

The ratings are also constrained by the sovereign credit ratings on Vietnam, the rating agency notes.

Meanwhile, the stable outlook reflects the outlook on Vietnam, as well as the view that the lender will maintain its highly strategic importance to the parent over the next 18 to 24 months.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.The original S&P Global Ratings document referred to in this news brief can be found here.