FiinRatings reaffirms BCG’s 'BB' rating; revises outlook to Stable
June 28 2022
Hanoi, 28 June 2022
FiinRatings has reaffirmed Bamboo Capital Joint Stock Company’s (“BCG”) long-term issuer rating of ‘BB’ and revised the rating outlook to ‘Stable’ from Positive. The rating outlook revision is primarily based on the reflection of changes in the operating environment of BCG and also its expansion plan into new business lines such as insurance and pharmaceutical industries which we believe will keep the Financial Risk Profile in the medium term at Significant level and the Business risk profile remains unchanged at Fair category. In our view, a positive rating action is remote and only be warranted if the company could accelerate the deleveraging process and better-than-expected core ratios such as Debt/EBITDA of less than 5.x in the near term.
Rating Sensitivity Factors:
We could take positive rating actions if the Company is able to:
We could take negative rating actions in cases:
Details of the rating announcement are HERE
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