Moody also gave Techcombank a Ba1 rating as an issuer in VND, and a Ba2 as an issuer in foreign currency.
The bank's deposits in foreign currency was rated B1, while its independent financial strength was put at "D," according to Moody's report on August 16.
The bank's rating indexes were close to those of several other Vietnamese leading banks given by Moody and Fitch, another international rating agency.
Techcombank, one of five Vietnamese commercial banks, has a total assets of 14 trillion VND (875 million USD).
Source: VNA, 18/08/2006
Moody gives Techcombank Ba1 credit rating
The Bank for Technology and Commerce (Techcombank) has earned a Ba1 credit rating for its VND deposit service by the US-based Moody Investor Services.