The Socialist Republic of Vietnam has received a second sovereign rating from a "Big Three" credit rating agency, paving the way for the country to tap the capital markets and for Credit Suisse First Boston to make history.
S&P awarded a BB minus rating for Vietnamese foreign currency long-term debt, the rating category that applies to international bond issues. Moody's Investors Service already rates Vietnam at B1 (one notch lower than S&P) and both agencies have put the sovereign on stable outlook - Moody's recently revised its outlook from a negative one.
