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13/09/2023
On September 13, 2023, the international credit rating agency Moody's Investors Service (Moody's) announced the credit rating assessment results for Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB). Moody's has affirmed SeABank's credit rating at Ba3 and maintains a stable outlook for its development prospects. This reaffirmation of SeABank's rating with a stable outlook reflects Moody's expectations of the bank's high capital safety and improving performance.
According to Moody's, SeABank continues to receive a Ba3 credit rating for both Issuer and Foreign Currency Deposit ratings. Additionally, Moody's maintains SeABank's credit assessment (BCA) at B1. Moody's also affirms SeABank's TCE (Tangible Common Equity) ratio at 12.9% as of June 2023, which is among the highest for banks rated by Moody's in Vietnam.
In the context of various domestic and international market fluctuations, the financial and banking sector in Vietnam is facing numerous challenges. Moody's affirmation of SeABank's credit rating with a stable outlook reflects the organization's expectations of the bank's high capital adequacy and its ongoing improvements.
Moreover, Moody's decision to maintain SeABank's credit ratings at Ba3 and B1 reflects their positive assessment of the bank's improved asset quality management, high capital adequacy ratios, stable lending activities, and liquidity. This also signifies Moody's expectations that SeABank's creditworthiness will remain stable in the next 12-18 months.
SeABank’s credit rating remained at Ba3 with Stable outlook by Moody’s
Vietnam, September 7, 2024 – Moody's Investors Service (Moody's) announced its 2024 assessments of Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB). SeABank’s Long-term bank deposit rating remained at Ba3 and Baseline Credit Assessment (BCA) at B1, with a Stable outlook.
10/09/2024
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Moody’s upgrades SeABank’s ratings and assessments to Ba3 from B1
Moody’s has announced to upgrade ratings of Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) to Ba3 from B1. Simultaneously, the Bank ranks among “Top 1000 World Banks” by The Banker, reflecting SeABank’s strong growth and success in international integration.
12/09/2022
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Moody’s Upgrades SeABank’s Baseline Credit Assessment To B1
Moody’s Investors Services (Moody’s) upgraded the Baseline Credit Assessment (BCA) from B2 to B1 for Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB). Moody's has also maintained SeABank's long-term deposit and issuer ratings at B1 for the fourth consecutive year with positive outlook.
26/04/2022
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