S&P Global acquires 43.4 per cent of Vietnam credit rating agency FiinRatings

The transaction between FiinGroup (the parent company of FiinRatings) and S&P Global (the parent company of S&P Global Ratings) is subject to Vietnamese government approvals. The investment transaction is expected to close in the second quarter of 2025.

S&P Global’s investment extends a long-standing partnership between the two companies and significantly increases 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 organised joint seminars, and S&P Global Ratings has provided FiinRatings analyst training in various areas of credit rating agency operation and analytical process enhancements. Going forward, this collaboration will expand further, with both parties committed to collaboration on knowledge transfer, product development, branding, sales, events, marketing, analytical cooperation, and exchange of best practices.

Nguyen Quang Thuan, chairman and CEO of FiinRatings, said, “We are excited to expand our partnership with S&P Global Ratings. Their extensive global expertise and resources will enhance our 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 our deep local insights and understanding of the Vietnamese market.”

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