* CREDIT RATING OPINION (first-time): vnBB+
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: September 18, 2025
* BUSINESS LINE: Real Estate Development
* RATING COMMITTEE:
Mr. Bui Van Long, MSc
Mr. Nguyen Duc Phu, MSc
Ms. Bui Thu Huong, MBA, CFA
* ANALYSTS:
Ms. Cao Thi Thanh Thuy, MSc, CPA
Ms. Diep Ngoc Yen, MSc
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in New Times T&T Joint Stock Company: None
– Saigon Ratings’ bond ownership in New Times T&T Joint Stock Company: None
– Saigon Ratings’ other debt instrument ownership in New Times T&T Joint Stock Company: None
– Saigon Ratings employee’s share ownership in New Times T&T Joint Stock Company: 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 (New Times T&T Joint Stock Company).
