Rating Announcement
Rating type: Issuer Rating - Long-term
Rating action: Initial rating
Rating date: 21/05/2024
This is an abstract of the Rating Announcements. 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.

If you would like to discuss the information in the report and VIS Rating's perspectives, please contact us:

Phone: (+84) 24 3388 6000

Email: enquiries@visrating.com

For detailed information and credit rating service requests, please reach out to VIS Rating's Business Development Division:

(Mr.) Nguyễn Đức Minh - Business Development Officer

Phone: (+84) 24 3388 6000 txt 117

Email: ducminh.nguyen@visrating.com

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