S&P Global announces acquisition of 43.4% minority shareholding in Vietnam’s FiinRatings
S&P Global announces acquisition of 43.4% minority shareholding in Vietnam’s FiinRatings
S&P Global Ratings, a provider of independent credit ratings, announced on Tuesday that its parent company -- S&P Global Inc. -- had agreed to acquire a 43.4-percent minority shareholding in Vietnam’s leading credit rating agency, FiinRatings.
Representative of S&P Global Ratings and FiinRatings at the strategic equity investment and partnership agreement signing ceremony in Hanoi on February 25, 2025. Photo: FiinRatings |
The transaction between FiinGroup, the parent company of FiinRatings, and S&P Global is subject to Vietnamese government approvals.
S&P Global’s investment extends a long-standing partnership between the two companies and will significantly increase their commitment to strengthening credit-rating standards and efficient and liquid debt capital markets in one of the world’s fastest-growing emerging nations.
“We are thrilled to deepen our presence in Vietnam through this equity investment in FiinRatings, our trusted partner for years in Vietnam,” said Lynn Maxwell, global chief commercial officer at S&P Global Ratings.
“We look forward to working closer with FiinRatings and leveraging their deep local market insights to better serve our customers and investors in Vietnam and beyond."
S&P Global Ratings has been associated with FiinRatings since 2020, with the relationship expanding in June 2022, when FiinRatings became a technical collaboration partner of S&P Global.
As collaboration partners, the two companies have organized joint seminars, and S&P Global Ratings has provided FiinRatings with analyst training in various areas of credit rating agency operation and analytical process enhancements.
This collaboration highlights both parties' commitment to evolving knowledge transfer, product development, branding, sales, events, marketing, analytical cooperation, and swapping practices.
Nguyen Quang Thuan, chairman and CEO of FiinRatings, is excited to expand its partnership with S&P Global Ratings, saying the latter’s extensive global expertise and resources will enhance FiinRatings’ ability to meet the evolving needs of enterprises and investors, thereby delivering greater value to Vietnam’s growing capital markets.
At the same time, S&P Global Ratings can leverage FiinRatings' deep local insights and understanding of the Vietnamese market.
Both companies will jointly host an in-person market seminar in Hanoi on Thursday, focused on Vietnam and canvassing the topic of growth, credit, and capital markets in a new era.
The parties expect the investment transaction to close in the second quarter of 2025.
- 16:00 26/02/2025
