...Saigon - Hanoi Commercial Joint Stock Bank's (SHB) B2 deposit and issuer ratings reflect the bank's b3 BCA and a one-notch uplift based on our assessment of a moderate probability of support from the Government of Vietnam (Ba3 rating under review) in times of need. Our assessment of a moderate probability of government support takes into consideration the bank's modest 3% share of system assets and system deposits as of year-end 2018, as well as the history of regulatory forbearance in Vietnam. SHB's b3 BCA takes into consideration the bank's weak asset quality, which is strained by a large stock of legacy problem assets, modest profitability, as well as weak capitalization. The bank's higher-than-system-average loan growth in 2014-17 and its large exposure to cyclical sectors, such as agriculture, construction and real estate, will also pose downside risks to asset quality. Finally, the BCA also reflects SHB's average funding and liquidity. On 10 October 2019, we placed SHB's long-term...