Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable

Moody’s Ratings has upgraded Military Commercial Joint Stock Bank (MBBank) deposit ratings from Ba3 to Ba2, aligning with Vietnam’s sovereign rating, with a stable outlook. This upgrade reflects MBBank’s strong profitability, improved deposit franchise, and increased systemic importance, particularly given its strong links to state-owned enterprises. The bank’s robust business results, digital transformation efforts, and prudent risk management contributed to this significant milestone, reinforcing confidence among stakeholders.

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