On 6 June 2012, Standard & Poor’s (S&P) announced the prospect adjustment of credit ratings of the Bank for Investment and Development of Vietnam Joint Stock Company (BIDV) from “negativeness” to “stableness”. At the same time S&P also announced the maintenance of issuer credit ratings at long term/short term at level B+/B for BIDV and raised the ratings of ASEAN at the long term/short term from axBB-/axB lên axBB/axB.

According to S&P, the result of issuer credit ratings of BIDV was higher than the independent credit ratingsof the bank (currently at level b), it reflected the importance in the Vietnam banking system of BIDV and high support capacity of the Government for BIDV.S&P adjusted the ratings of BIDV after the prospect adjustment of Vietnam national ratings from “negativeness” to “stableness”, with the rating result remained at level BB-/B; rating of ASEAN was raised to a level from axBB/axB to level axBB+/axB. It was based on assessment of S&P, decrease in macro-economic risk and stable sign of financial situation in Vietnam. Main indexes such as credit growth, exchange currency reserves and VND interest level had improved during 18 last months and the Government has given top priority with keeping price stability. Applying money policies tightly from 2011 has helped the restore of belief in determination to price stability of competent agencies.

BIDV started to invited S&P to evaluate and rate for the bank from 2010, in addition to Moody’s which has rated for BIDV for 6 last months. Currently, 4 banks in Vietnam are rated by S&P such as BIDV, Vietcombank, Vietinbank and Techcombank. Rated results of BIDV are as follows:

Items	S&P’s ratings
Prospect	Stable
Long term issuer rating	B+
Short term issuer rating	B
Independent capacity	b
Long term/short term ASEAN ratings	axBB/axB