[Hanoi, 12 October] FiinRatings is pleased to announce that it has assigned its BBB- long-term issuer credit rating to F88 Business Joint Stock Company (“F88” or “the Company”) with the outlook: Stable.
The stable outlook on F88 reflects our expectation that F88 will continue to maintain its leading position within the alternative lending sector in Vietnam together with its strong earnings profile and healthy asset quality. The outlook also reflects our expectation that F88 will be able to withstand the impact of the pandemic and sustain its targeted growth.
Besides, our rating opinion reflects our view that F88 has consistently delivered and executed of its business plan well. The Company has the vision to become a comprehensive financial services provider in the next 05 years.
The rating scale used by FiinRatings to rate F88 is the national scale; therefore, it must not be equated with or represented as a rating on the scale used by any other rating agency. Our rating methodology and criteria have been established with considerable support from global experts, approved by the Ministry of Finance, and published on the FiinRatings website. This methodology is intended as general guidance to help companies, investors, and other market participants to understand how FiinRatings looks at quantitative and qualitative factors significant in explaining rating outcomes in this sector.
Details of the rating announcement are HERE
FiinRatings, a brand and part of FiinGroup, is licensed by the Ministry of Finance to operate as a Credit Rating Agency (“CRA”) for Vietnam on 20 March 2020. With continuous effort to improve expertise and credit rating methodologies, on 24 May 2021, FiinRatings received Technical Assistance from S&P Global Ratings and ADB. FiinRatings maintains a strict independent policy to meet current regulations in providing credit rating services in Vietnam as well as to comply with our conflicts-of-interest policy and to ensure the objectivity and independence in giving opinion on our credit ratings. Visit us for more information: https://fiingroup.vn/FiinRatings
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