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Vietnam is downgraded to B2 from B1 by Moody's, which also cuts the ratings of 8 banks as the...

Vietnam is downgraded to B2 from B1 by Moody's, which also cuts the ratings of 8 banks as the country deals with the downside of a credit bubble. Arrests of bankers, businessmen, and state company executives are coming in bunches, with the latest being that of Tran Xuan Gia, a former investment minister. VNM +11.2% YTD, but -23% over the past 4 months.
Comments (2)
  • Scott479
    , contributor
    Comments (35) | Send Message
     
    They are following our example with systemic criminality by bureaucrats and organized money, one point of difference is that they are jailing the criminals rather than bonusing them with taxpayer funds....
    28 Sep 2012, 09:01 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "Vietnam is downgraded to B2 from B1..."

     

    Good to see they're getting back on their feet. Many of us remember when they were downgraded from F-15 to B-52.
    28 Sep 2012, 09:05 AM Reply Like
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