CREDIT RATING RESULT OF SAO VANG TAY DO CONSTRUCTION CORPORATION FOR 2022

* CREDIT RATING OPINION (first time): vnBBB

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: October 05, 2022

* CREDIT RATING RESULT IS VALID UNTIL: August 31, 2023

* BUSINESS LINE: Real estate developer

* ANALYSTS:

Mr. Vo Tan Duc, MSc

Mr. Tran Ngoc Huy, MBA

Mr. Bui Van Long, MSc

Mr. Dang Quoc Huy, BA

* RATING COMMITTEE:

Mr. Nguyen Duc Phu, MSc

Mr. Tran Phuoc Loc, MBA

Mr. Do Huu Minh, ACCA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in SAO VANG TAY DO: None

– Saigon Ratings’ bond ownership in SAO VANG TAY DO: None

– Saigon Ratings’ other debt instrument ownership in SAO VANG TAY DO: None

– Saigon Ratings employee’s share ownership in SAO VANG TAY DO: 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 (SAO VANG TAY DO).

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