About us

We are extremely proud and honored that Saigon Ratings (SGR), an independent Credit Rating Agency (CRA), has been a pioneer in the financial market and has been licensed by the Ministry of Finance for credit rating activity; and at the same time Saigon Ratings is the first domestic CRA, has performed the function of providing credit rating services in the Vietnamese market.

Rating Services

CREDIT RATING REPORTS

Saigon Ratings provides independent assessments and forecasts of an issuer’s credit risks or a debt instrument. These evaluations demonstrate the opinion about the ability and readiness of a business entity to meet financial commitments at the maturity date, as well as the credit quality of the individual debt.

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ASSESSMENT REPORTS AND ANALYSIS REPORTS

Assessment reports and Analysis reports are point-in-time analyses of the issuer’s strengths and weaknesses, debt obligations, or proposed financial structure. The reports may contain some similar parts or analyze some significant factors typically considered during the Credit Rating Process.

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STRATEGIC PARTNERSHIPS

Rating list

TOTAL OF RECORD: 77

PUBLICATION DATEISSUERINDUSTRYRATING OBJECTRATING STATUSRATING RESULTOUTLOOKDETAILS
Hoang Dong Duong Investment Joint Stock CompanyReal estate developmentIssuer RatingIn progress of first-time rating
Phu Hung Phat Company LimitedReal estate developmentIssuer RatingIn progress of first-time rating
Allgreen-Vuong Thanh-Trung Duong Company LimitedReal estate developmentIssuer RatingIn progress of first-time rating
Masterise Lumiere Office Building Service JSCReal estate developmentIssuer RatingIn progress of first-time rating
2024-07-22Hai Dang Real Estate Investment & Development Company LimitedReal estate developmentIssuer RatingFirst-time ratingvnBB+StableSee more
2024-07-18Ba Na Service Cable Car JSC (BANACAB)Entertainment ServicesIssuer RatingSurveillancevnBBB-StableSee more
2024-07-18TNPOWER Energy JSCEnergyIssuer RatingSurveillanceConfidentialConfidentialSee more
2024-07-16Huy Duong Group JSCReal estate developmentIssuer RatingFirst-time ratingvnBB-StableSee more
2024-07-15Thanh Thanh Cong Investment Joint Stock Company (TTCI)Investment Holding CompanyIssuer RatingSurveillancevnA+StableSee more
2024-07-12BOT Trung Luong - My Thuan JSCTransportation InfrastructureIssuer RatingFirst-time ratingvnAStableSee more
2024-07-09Khai Hoan Land Group JSCReal estate developmentIssuer RatingSurveillancevnBBB-StableSee more
2024-07-08Song Phuong Industrial - Real Estate and Construction Company LimitedReal estate developmentIssuer RatingFirst-time ratingvnBBB-StableSee more
2024-07-02Ha Noi Highway Construction & Investment JSCTransportation InfrastructureIssuer RatingSurveillancevnA+StableSee more
2024-07-01BOT Ninh Thuan Province Company LimitedTransportation InfrastructureIssuer RatingSurveillancevnAStableSee more
2024-07-01Ho Chi Minh City Infrastructure Investment JSC (CII)Technical InfrastructureIssuer RatingFirst-time ratingvnA+StableSee more
2024-06-28Thanh Thanh Cong - Bien Hoa Joint Stock Company (SBT)Sugar IndustryIssuer RatingSurveillancevnA+StableSee more
2024-06-26Vietjet Aviation Joint Stock CompanyTransportation - AirlineIssuer RatingSurveillancevnBBB-StableSee more
2024-06-18TNG Investment and Trading JSCGarmentIssuer RatingSurveillancevnAStableSee more
2024-06-17Thanh Thanh Cong Industrial zone Joint Stock Company (TTC IZ)Real Estate RentalIssuer RatingSurveillancevnAStableSee more
2024-06-17Tan Thanh Tourism Trading Joint Stock CompanyReal estate developmentIssuer RatingSurveillancevnBBB+StableSee more
2024-06-06Thuan Duc Joint Stock CompanyContainer & PackagingIssuer RatingSurveillancevnBBBStableSee more
2024-06-05Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)Life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2024-05-31I.P.A Investment JSCInvestment Holding CompanyIssuer RatingFirst-time ratingvnBBB+StableSee more
2024-05-30Thanh Thanh Cong Tourist JSCHospitalityIssuer RatingFirst-time ratingvnBBB+StableSee more
2024-04-17Vietnam Biofuels Development JSCChemicalsIssuer RatingFirst-time ratingvnCCC+NegativeSee more
2024-04-12Aqua City Hoa Binh Company LimitedReal estate developmentIssuer RatingFirst-time ratingvnBB-StableSee more
2024-04-12Trung Minh New Urban Areas Company LimitedReal estate developmentIssuer RatingFirst-time ratingvnBB-StableSee more
2024-02-23Logisvalley Bac Ninh Company Limited (FDI)Real Estate RentalIssuer RatingFirst-time ratingvnBBB-StableSee more
2024-02-23Logisvalley Vina Company Limited (FDI)Real Estate RentalIssuer RatingFirst-time ratingvnBB+StableSee more
2024-01-23Lac Hong Tourist Trading JSCHospitalityIssuer RatingFirst-time ratingvnBBBStableSee more
2024-01-12Thanh Thanh Cong Investment Joint Stock Company (TTCI)Investment Holding CompanyIssuer RatingSurveillancevnA+StableSee more
2024-01-09TNH Hotels & Resorts Management & Investment JSCHospitalityIssuer RatingSurveillanceConfidentialConfidentialSee more
2023-12-31Viet Dragon Securities Corporation (VDS)Financial InstitutionIssuer RatingFirst-time ratingvnBBBStableSee more
2023-12-30Ba Na Service Cable Car JSC (BANACAB)LeisureIssuer RatingFirst-time ratingvnBBB-StableSee more
2023-12-25BOT Ninh Thuan Province Company LimitedTransportation InfrastructureIssuer RatingFirst-time ratingvnAStableSee more
2023-12-25Ha Noi Highway Construction & Investment JSCTransportation InfrastructureIssuer RatingFirst-time ratingvnA+StableSee more
2023-12-21Thanh Thanh Cong Industrial zone Joint Stock Company (TTC IZ)Real Estate RentalIssuer RatingSurveillancevnAStableSee more
2023-12-15Khai Hoan Land Group JSCReal estate developmentIssuer RatingFirst-time ratingvnBBB-StableSee more
2023-12-12Thai Nguyen International Hospital JSCHealthcare ServicesIssuer RatingFirst-time ratingvnA+StableSee more
2023-11-17VIETJET Aviation Joint Stock CompanyTransportation - AirlineIssuer RatingSurveillancevnBBB-StableSee more
2023-11-15Tan Thanh Tourism Trading Joint Stock CompanyReal estate developmentIssuer RatingFirst-time ratingvnBBB+StableSee more
2023-11-02Thuan Duc Joint Stock CompanyContainer & PackagingIssuer RatingFirst-time ratingvnBBBStableSee more
2023-10-31TNG Investment and Trading JSCGarmentIssuer RatingFirst-time ratingvnAStableSee more
2023-10-02Phu Hung Assurance Joint Stock Company (PAC)Non-life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2023-09-15Thanh Thanh Cong - Bien Hoa Joint Stock Company (SBT)Sugar IndustryIssuer RatingSurveillancevnA+StableSee more
2023-07-10Sao Vang Tay Do Construction CorporationReal estate developmentIssuer RatingSurveillancevnBBBStableSee more
2023-06-28Indochine Import Export Investment Industrial Joint Stock CompanyRenewable EnergyIssuer RatingFirst-time ratingvnB-NegativeSee more
2023-06-12Thanh Thanh Cong Investment Joint Stock Company (TTCI)Investment Holding CompanyIssuer RatingFirst-time ratingvnA+StableSee more
2023-06-08Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)Life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2023-05-26Thanh Thanh Cong Industrial zone Joint Stock Company (TTC IZ)Real Estate RentalIssuer RatingFirst-time ratingvnAStableSee more
2023-03-27VIETJET Aviation Joint Stock CompanyTransportation - AirlineIssuer RatingFirst-time ratingvnBB+StableSee more
2023-03-14TNL Property leasing & Investment JSCProperty leasingIssuer RatingSurveillance (Expired)ConfidentialConfidentialSee more
2023-03-14Viet Han Trading – Advertising – Construction – Real Estate JSCReal estate developmentIssuer RatingSurveillance (Expired)ConfidentialConfidentialSee more
2023-03-14American Property JSCReal estate developmentIssuer RatingSurveillance (Expired)ConfidentialConfidentialSee more
2023-01-12TNR Holdings Vietnam Real Estate Investment Development JSCReal estate developmentIssuer RatingFirst-time ratingConfidentialConfidentialSee more
2022-12-30Thanh Thanh Cong - Bien Hoa Joint Stock Company (SBT)Sugar IndustryIssuer RatingFirst-time ratingvnA+StableSee more
2022-12-13TNH Hotels & Resorts Management & Investment JSCHospitalityIssuer RatingSurveillanceConfidentialConfidentialSee more
2022-11-16TNPOWER Energy JSCEnergyIssuer RatingFirst-time ratingConfidentialConfidentialSee more
2022-10-05Sao Vang Tay Do Construction CorporationReal estate developmentIssuer RatingFirst-time ratingvnBBBStableSee more
2022-09-13Phu Hung Assurance Joint Stock Company (PAC)Bảo hiểm phi nhân thọIssuer RatingSurveillanceConfidentialConfidentialSee more
2022-09-06HANO-VID Real Estate JSCReal estate developmentIssuer RatingFirst-time rating (Expired)ConfidentialConfidentialSee more
2022-09-06AAC Viet Nam JSCReal estate developmentIssuer RatingFirst-time rating (Expired)ConfidentialConfidentialSee more
2022-09-06TNH Hotels & Resorts Management & Investment JSCHospitalityIssuer RatingFirst-time ratingConfidentialConfidentialSee more
2022-06-07Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)Life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2022-05-10Kirby South East Asia Co., Ltd.Building materialsIssuer RatingFirst-time rating (Expired)vnA-StableSee more
2021-07-27Phu Hung Assurance Joint Stock Company (PAC)Non-life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2021-06-08Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)Life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2020-10-14Phu Hung Assurance Joint Stock Company (PAC)Non-life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2020-06-03Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)Life InsuranceIssuer RatingSurveillanceConfidentialConfidentialSee more
2019-11-28Phu Hung Assurance Joint Stock Company (PAC)Non-life InsuranceIssuer RatingFirst-time ratingConfidentialConfidentialSee more
2019-09-12Free Land Joint Stock CompanyReal estate developmentIssuer RatingFirst-time rating (Expired)ConfidentialConfidentialSee more
2019-06-26Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE)Life InsuranceIssuer RatingFirst-time ratingConfidentialConfidentialSee more
2019-03-20Kirby South East Asia Co., Ltd.Building materialsIssuer RatingFirst-time rating (Expired)AStableSee more
Green Mui Ne Company LimitedHospitalityIssuer RatingContract liquidated and terminated the first-time rating
Ngoc Thien Global CorporationMetal productionIssuer RatingTemporarily suspend the first time rating
Apec Joint Stock CompanyTechnical InfrastructureIssuer RatingTemporarily suspend the first time rating
THANH VINH Realty Investment & Development JSCReal estate developmentIssuer RatingTemporarily suspend the first time rating

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