Moody's on June 18 assigned long-term counterparty risk ratings to 16 Vietnamese banks.

The counterparty risk ratings assigned to the banks are in line with the counterparty risk assessments already assigned to them, the rating agency said.

The rating agency assigned B1 long-term local- and foreign-currency counterparty risk ratings to An Binh Commercial Joint Stock Bank, JSCB for Investment and Development of Vietnam, LienViet Post Joint Stock Commercial Bank, Vietnam International Commercial Joint Stock Bank, Vietnam Joint Stock Commercial Bank for Industry & Trade, and Vietnam Prosperity Joint Stock Commercial Bank.

Moody's assigned long-term local- and foreign-currency counterparty risk ratings of B2 to Ho Chi Minh City Development JSCB, Orient Commercial Joint Stock Bank, Saigon - Hanoi Commercial Joint Stock Bank, Tien Phong Commercial Joint Stock Bank and Vietnam Maritime Commercial Joint Stock Bank

The rating agency assigned Ba3 long-term local- and foreign-currency counterparty risk ratings to Asia Commercial Joint Stock Bank, Joint Stock Commercial Bank for Foreign Trade of Vietnam, Military Commercial Joint Stock Bank and Vietnam Technological and Commercial Joint Stock Bank.

Lastly, Moody's assigned a B3 long-term local- and foreign-currency counterparty risk rating to Saigon Thuong Tin Commercial Joint Stock Bank.

The ratings reflect the rating agency's opinion of the banks' abilities to honor the uncollateralized portion of nondebt counterparty financial liabilities and expected financial losses if the liabilities are not honored.