* 6-MONTH CREDIT RATING OPINION (second year of monitoring): vnAA-
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: November 20, 2025
* BUSINESS LINE: Transportation Infrastructure
* RATING COMMITTEE:
Mr. Le Hoang Quan, MBA
Ms. Bui Thu Huong, MBA, CFA
Mr. Bui Van Long, MSc
* ANALYSTS:
Ms. Do Phuong Lan, MDE
Ms. Tran Thi Minh Thu, BA
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None
– Saigon Ratings’ bond ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None
– Saigon Ratings’ other debt instrument ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None
– Saigon Ratings employee’s share ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None
Saigon Ratings is committed to the implementation of credit rating independently and objectively.
Saigon Ratings issued a credit rating report as a reference information; it is not an investment or capital contribution recommendation for debt instruments issued by the rated company (Ho Chi Minh City Infrastructure Investment JSC (CII)).
