Tiếng Việt
Overview
Credit Ratings
What is Credit Rating?
A credit rating represents an independent opinion on an issuer’s ability and willingness to meet its financial obligations in full and on time. Not a guarantee against default.
A multi-level rating scale from ‘AAA’ to ‘C’ reflecting different degrees of credit risk related to an issuer’s capacity to meet its debt obligations.
Plus and minus modifiers provide greater differentiation within a rating category. A minus sign does not indicate weaker operations or repayment capacity.
Ongoing monitoring of ratings and outlooks, with reviews conducted at least every six months or following material credit events.
Ratings are based on multiple criteria categories, including industry and outlook, business risk, financial strength, governance, and relevant linkages.
Rating activities adhere to principles of independence, ethical standards, conflict-of-interest controls, and quality assurance.
Issuer credit rating
An assessment of a company's overall creditworthiness. This opinion focuses on the issuer's capacity and willingness to meet its financial commitments as they come due, and does not apply to any specific financial obligation.
Issue credit rating
An assessment of the creditworthiness of a particular financial obligation, or a particular financing program (including ratings for short-, medium- and long-term debt). This opinion reflects FiinRatings' view of the issuer's capacity and willingness to meet its financial commitments when the obligation becomes due.
Track Records
9,902
Billion (VND)
Total value of bonds rated by FiinRatings
334,217
Billion (VND)
Total value of corporate bonds issued by enterprises rated by FiinRatings
80+
Enterprises
Enterprises have been credit rated by FiinRatings
How we support clients
Independent & credible assessment
Deliver independent credit opinions, enabling companies to clearly assess their credit standing and shaping effective capital strategies.
Enhancing credit profile
Credit ratings highlight financial strength, enhancing negotiating power on interest rates, tenors, and access to higher-quality funding sources.
Regulatory compliance
Support transparent disclosure and compliance with state regulations, facilitating a smooth and standards-compliant bond issuance process.
Proactive access to the investor network
Enable issuers to connect with a network of over 1,000 institutional investors and 60,000+ professional investors, broadening capital-raising opportunities.
Not constrained by the sovereign ceiling
FiinRatings’ national rating scale allows qualified issuers to achieve AAA ratings, accurately reflecting creditworthiness without being capped by the sovereign ceiling (BB+/Ba2).
Professional Team
Director, Analytics & Research and Head of Corporate Ratings
Deputy Director, Financial Institution Ratings
Senior Manager, Credit Research and Head of Sustainable Finance Service
