Issuer Analysis
Rating type: Issuer Rating - Long-term
Rating action: Initial rating
Rating date: 21/05/2024
This is an abstract of the Issuer Analysis. Please click 'View Online' or 'Download' to access the full report
Tien Phong Commercial Joint Stock Bank (TPBank)'s AA- long-term issuer ratings reflect its above-average standalone assessment and our expectation of a moderate likelihood of government support for the bank during extraordinary circumstances. The bank's standalone assessment incorporates its strong funding structure, strong profitability, above-average capital, coupled with its average asset risk and liquid resources compared to peers.
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