Rating Update
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.
MISSION
Saigon Ratings is a reliable partner who supports corporations and financial institutions in attracting investment capital. As a trusted partner of investors, we are committed to contributions to the national benefits, society and prosperity of Vietnam.
VISION
Saigon Ratings strives to become a Credit Rating Agency with the leading national brand in Vietnam and the reputable recognition in the Asian financial market.
ORGANIZATIONAL CULTURE
Saigon Ratings creates and promotes an Organizational Culture that attracts talents, creates a humane working environment and continues to learn, create and innovate. The Board of Director’s shares difficulties, challenges and successes with all members of the organization.
OPERATION RELATION AND DEVELOPMENT PHILOSOPHY
- Independence & Objectivity, Integrity, Transparency.
- Uphold Professional Ethical Standards.
- Saigon Ratings places the interests of the social community, customers, investors and the responsibility of developing a strong national economy in the interests of the organization.
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.
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.
STRATEGIC PARTNERSHIPS
Rating list
| COMPANY NAME | RATING TYPE | INDUSTRY | LATEST RATING RESULT | OUTLOOK | PUBLICATION DATE | DETAIL |
|---|---|---|---|---|---|---|
| Ha Noi Highway Construction & Investment JSC | In progress of initial rating | Transportation Infrastructure | - | - | - | |
| BOT Ninh Thuan Province Company Limited | In progress of initial rating | Transportation Infrastructure | - | - | - | |
| RongViet Securities Corporation | In progress of initial rating | Financial Institution | - | - | - | |
| Tan Thanh Trading Tourism Corporation | Initial rating | Real estate developer | vnBBB+ | Stable | November 15, 2023 | See more |
| Thai Nguyen International Hospital JSC | In progress of initial rating | Healthcare Services | - | - | - | |
| Thuan Duc Joint Stock Company | Initial rating | Container & Packaging | vnBBB | Stable | November 02, 2023 | See more |
| TNG Investment and Trading JSC | In progress of initial rating | Garment | vnA | Stable | October 31, 2023 | See more |
| Khai Hoan Land Group JSC | In progress of initial rating | Real estate developer | - | - | - | |
| Indochine Import Export Investment Industrial Joint Stock Company | Initial rating | Renewable Energy | vnB- | Negative | June 28, 2023 | See more |
| Thanh Thanh Cong Investment Joint Stock Company | Initial rating | Investment Holding Company | vnA+ | Stable | June 12, 2023 | See more |
| Phu Hung Life Insurance Joint Stock Company (PHU HUNG LIFE) | Surveillance | Life Insurance | Confidential | - | 08/6/2023 | See more |
| Thanh Thanh Cong Industrial zone Joint Stock Company (TTC IZ) | Initial rating | Real Estate Leasing | vnA | Stable | 26/05/2023 | See more |
| VIETJET Aviation Joint Stock Company | Surveillance | Transportation - Airline | vnBBB- | Stable | 17/11/2023 | See more |
| AMERICAN Property JSC | Surveillance | Real estate developer | - | - | - | |
| VIET HAN Trading – Advertising – Construction – Real Estate JSC | Surveillance | Real estate developer | - | - | - | - |
| TNL Property leasing & Investment JSC | Initial rating | Property leasing | - | - | - | - |
| TNR Holdings Vietnam Real Estate Investment Development JSC | Surveillance | Real estate developer | Confidential | - | 12/01/2023 | See more |
| Thanh Thanh Cong - Bien Hoa Joint Stock Company (SBT) | Surveillance | Sugar Industry | vnA+ | Stable | 15/09/2023 | See more |
| TNH Hotels & Resorts Management & Investment JSC | Surveillance | Accommodation Services | Confidential | - | 13/12/2022 | See more |
| TNPOWER Energy JSC | Surveillance | Energy | Confidential | - | 16/11/2022 | See more |
| Sao Vang Tay Do Construction Corporation | Surveillance | Real estate developer | vnBBB | Stable | 05/10/2022 | See more |
| Phu Hung Assurance Joint Stock Company (PAC) | Surveillance | Non-life Insurance | Confidential | - | 02/10/2023 | See more |
| AAC Company | Expired | Real estate developer | - | - | - | See more |
| HANO-VID Company | Expired | Real estate developer | - | - | - | See more |
| Kirby South East Asia Co., Ltd. | Expired | Building materials | - | - | - | See more |
| Free Land Joint Stock Company | Expired | Real estate developer | - | - | - | See more |
| Ngoc Thien Global Corporation | In progress of initial rating | Metal production | - | - | - | - |
| THANH VINH Realty Investment & Development JSC | In progress of initial rating (Surveillance for 2023, 2024, 2025) | Real estate developer | - | - | - | - |
