S&P upgrades Vietnam's rating outlook to positive
Tue Oct 18, 2005
HONG KONG, Oct 18 (Reuters) - Standard & Poor's said on Tuesday it had upgraded the outlook on Vietnam's BB-minus rating to positive from stable due to the country's commitment to its transformation to a market economy and to increase international integration.
The outlook upgrade comes as Vietnam prepares marketing a $500 million bond to international investors this week, marking its first sovereign bond issue after considering such a sale for more than decade.
In a separate statement, S&P also assigned a BB-minus rating to the proposed bond issue.
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