CREDIT RATING RESULT OF BOND ISSUED BY HO CHI MINH CITY INFRASTRUCTURE INVESTMENT JSC (CII) FOR 2025

* CREDIT RATING OPINION OF BOND CII425001 (first-time): vnA+

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: June 26, 2025

* BUSINESS LINE: Technical Infrastructure

* RATING COMMITTEE:

Mr. Le Hoang Quan, MBA

Mr. Bui Van Long, MSc

Ms. Bui Thu Huong, MBA, CFA

* ANALYSTS:

Mr. Nguyen Minh Duc, MSc

Ms. Do Phuong Lan, MDE

Ms. Cao Thi Thanh Thuy, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None

– Saigon Ratings’ bond ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None

– Saigon Ratings’ other debt instrument ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): None

– Saigon Ratings employee’s share ownership in Ho Chi Minh City Infrastructure Investment JSC (CII): 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 (Ho Chi Minh City Infrastructure Investment JSC (CII)).

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