RATING RESULT OF HAI DANG REAL ESTATE INVESTMENT & DEVELOPMENT CO. LTD. FOR 2024

* CREDIT RATING OPINION (first-time): vnBB+

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: July 22, 2024

* BUSINESS LINE: Real Estate Development

* ANALYSTS:

Mr. Bui Van Long, MSc

Mr. Vu Thien Phong, ACCA

* RATING COMMITTEE:

Mr. Nguyen Phi Long, ACCA

Mr. Nguyen Duc Phu, MSc

Ms. Ha Thi Lan Huong, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Hai Dang Real Estate Investment & Development Co. Ltd.: None

– Saigon Ratings’ bond ownership in Hai Dang Real Estate Investment & Development Co. Ltd.: None

– Saigon Ratings’ other debt instrument ownership in Hai Dang Real Estate Investment & Development Co. Ltd.: None

– Saigon Ratings employee’s share ownership in Hai Dang Real Estate Investment & Development Co. Ltd.: 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 (Hai Dang Real Estate Investment & Development Co. Ltd.).

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