Vietnam’s dollar bonds are defying a credit downgrade by Moody’s Investors Service as efforts by the government to stabilize the economy since 2011 show progress. The average yield on Vietnamese debt fell to a record low of 4.06 percent on Oct. 10, according to JPMorgan Chase & Co.’s EMBI Global index, even after Moody’s said Sept. 28 there was an “elevated risk” that the government... 

Aug 23 (REUTERS) – Standard & Poor’s lowered its outlook on HSBC Holdings PLC to negative from stable on Thursday, saying that money-laundering allegations against the British bank have left HSBC vulnerable to losing business and facing costs related to regulatory fines and litigation. S&P also reaffirmed HSBC’s long-term counterparty credit rating of A+, which is six notches... 

The New York-headquartered financial services firm Standard & Poor’s said in a report given to The Saigon Times Daily that in August it revised Vietnam’s economic outlook to ‘BB-/Stable/B’ from ‘BB-/Negative/B’. “In line with this, we raised our ASEAN scale long-term rating on Vietnam to ‘axBB+’ from ‘axBB’,” said the report conducted in August. Standard & Poor’s... 

Standard & Poor’s, or S&P, has maintained long-term corporate credit rating on Hoang Anh Gia Lai Joint Stock Company (HAGL) at B-, predicting that liquidity of the property developer will remain weak in the near future. According to U.S-based S&P, the rating reflects that HAGL now has low liquidity and is affected by economic and legal risks in Vietnam, Laos and Cambodia. The rating... 

Major international credit rating agencies Standard&Poor’s and Moody’s announced credit ratings for HCM City-based Sacombank for the first time last Friday. S&P assigned Sacombank a ‘B+’ long-term rating and ‘B’ short-term counterparty credit rating. The outlook on the long-term rating was stable, reflecting S&P’s view that Sacombank would maintain its... 

Ratings agency Standard & Poor’s on Tuesday said it had downgraded the ratings of major US banks, including Citigroup, Goldman Sachs, Wells Fargo, JPMorgan Chase, Morgan Stanley and Bank of America. The firm said it had revisited ratings on 37 of the world’s largest banks, part of a process of “applying its new ratings criteria for banks.” S&P announced revised criteria... 

The international credit rating agency Standard & Poor’s has announced its downgrade of Vietnam’s local currency long-term rating from BB- to BB as it has recently revised the methodology and assumptions for rating sovereign governments. The BB- sovereign credit rating on Vietnam reflects the country’s low-income economy, developing financial system, and evolving policy framework. Healthy... 

Asian stock markets jumped Wednesday following a surge on Wall Street triggered by a Federal Reserve pledge to keep interest rates super low for the next two years to help the ailing U.S. economy. Oil prices rose to near $82 a barrel, while the dollar slid against the yen and the euro. The Dow Jones industrial average finished Tuesday with a 429-point gain after the Fed said it would keep its key... 

US stocks dropped sharply on Monday, while Treasury bond prices actually rose in the wake of Standard & Poor’s unprecedented downgrade of the United States’s credit rating. The Dow Jones Industrial Average plummeted 334.68 points (2.9 per cent) to 11,109.93 at 1630 GMT. The broader S&P 500 dropped 45.64 points (3.8 per cent) to 1,153.74, while the tech-heavy Nasdaq Composite plunged... 

Financial chiefs and central bankers of the G7 nations early Monday pledged to “take all necessary measures to support financial stability and growth” as nervous global markets re-opened. “We are committed to taking coordinated action where needed, to ensuring liquidity, and to supporting financial market functioning, financial stability and economic growth,” a statement said...