Credit ratings play an important role in the development of the financial market in general and the bond market in particular. Credit rating agencies contribute to increasing market operation efficiency by reducing information asymmetry. It helps investors to get the assessment on the financial capacity and debt solvency of the enterprise, and risks to have decison on investment. By studying the international experience on developing credit ratings industry, some lessons have been drawn for the case of Vietnam.
Keywords: credit ratings, credit rating agency, developing credit ratings.
(Source: Vietnam Journal of Economics and Finance, No.2 April 2022)