S&P Global Ratings revised its outlook on CTG (Vietinbank) to negative from stable and affirmed the 'BB-' long-term and 'B' short-term issuer credit ratings on the bank. On a 12-18 month horizon, capital adequacy is a problem across the banking sector in Vietnam (barring exceptions such as MBB and VPB). The current CAR appears adequate only on account of regulatory benevolence. The problem is systemic.