Fitch Ratings assigns first-time credit rating to HDBank, recognises its strong financial profile
HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 15 July 2026 - Fitch Ratings has assigned its first-ever credit ratings to Ho Chi Minh City Development Joint Stock Commercial Bank (HoSE: HDB), placing the lender among the highest-rated Vietnamese banks and recognising its strong financial position, profitability and sustainable growth. An HDBank branch in HCM City. The agency assigned HDBank long-term foreign- and local-currency issuer default ratings (IDRs) of ' BB- ' with a "Stable outlook" and a Viability Rating of ' bb- ' , the highest Viability Rating for Vietnamese banks. The BB- rating is one notch above the B1 rating previously assigned by Moody's, reflecting HDBank's steady progress in strengthening its financial position and credit quality. Fitch said the ratings reflect the Bank's strong profitability, stable funding base and growing position in Vietnam's banking sector, while the country's favourable economic outlook i...