Other credit ratings firms, Fitch and Standards & Poors (S&P) have given Vietnam a BB rating, a notch higher than Moody's Ba3, but both levels are described as "non-investment grade". Latest figures released in late October by the Ministry of Finance predicted public debt this year to reach 49.2 percent of GDP, equivalent to around VND3.48 quadrillion ($150.23 billion), and down from 58.4 percent last year. But National Assembly delegates warned in June that Vietnam might need to borrow around VND700 trillion ($30.22 billion) for three years to service its debts since repayment pressure is rising.