* CREDIT RATING OPINION (first-time): vnBB-
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: November 21, 2025
* BUSINESS LINE: Real estate development
* RATING COMMITTEE:
Mr. Bui Van Long, MSc
Ms. Do Phuong Lan, MDE
Ms. Bui Thu Huong, MBA, CFA
* ANALYSTS:
Mr. Le Hoang Quan, MBA
Ms. Diep Ngoc Yen, MSc
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Tam Trinh Co-operation Investment and Construction Company Limited: None
– Saigon Ratings’ bond ownership in Tam Trinh Co-operation Investment and Construction Company Limited: None
– Saigon Ratings’ other debt instrument ownership in Tam Trinh Co-operation Investment and Construction Company Limited: None
– Saigon Ratings employee’s share ownership in Tam Trinh Co-operation Investment and Construction Company Limited: 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 (Tam Trinh Co-operation Investment and Construction Company Limited).
