CREDIT RATING RESULT OF KIRBY SOUTH EAST ASIA CO., LTD FOR 2019

* CREDIT RATING OPINION (first time): A

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: March 20, 2019

* ANALYSTS:

Mr. Long Nguyen Phi, ACCA

Mr. Huy Tran Ngoc, MBA

Ms. My Nguyen Hong, MSc

Ms. Dang Tran Thi Thanh, MSc

* RATING COMMITTEE:

Mr. Tuan Le Anh, MSc

Mr. Dung Nguyen Xuan, CPA

Ms. Nhi Nguyen Thi Quy, MSc

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Kirby South east Asia Co., Ltd: None

– Saigon Ratings’ bond ownership in Kirby South East Asia Co., Ltd: None

– Saigon Ratings’ other debt instrument ownership in Kirby South East Asia Co., Ltd: None

– Saigon Ratings employee’s share ownership in Kirby South East Asia 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 (Kirby South East Asia Co., Ltd).

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