* RATING BOND: HULL12602
* CREDIT RATING OPINION (first-time): vnBB
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: August 26, 2026
* BUSINESS LINE: Real estate development
* RATING COMMITTEE:
Mr. Le Hoang Quan, MBA
Ms. Do Phuong Lan, MDE
Ms. Bui Thu Huong, MBA, CFA
* ANALYSTS:
Ms. Vo Ngoc Lan Anh, MBA
Mr. Nguyen Hoang Chuong, BA
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Hung Long Real Estate Development JSC: None
– Saigon Ratings’ bond ownership in Hung Long Real Estate Development JSC: None
– Saigon Ratings’ other debt instrument ownership in Hung Long Real Estate Development JSC: None
– Saigon Ratings employee’s share ownership in Hung Long Real Estate Development JSC: 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 (Hung Long Real Estate Development JSC).
