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S&P cuts Vingroup outlook to ‘negative’ on car venture debts
Ratings firm Standard & Poor’s has revised its outlook on Vingroup from “stable” to “negative” due to increasing leverage to fund the auto business.
Vingroup to guarantee auto subsidiary’s $216 mln bond issuance
Conglomerate Vingroup has agreed to guarantee a bond issuance worth VND5 trillion ($216 million) this year by its auto subsidiary VinFast.