CREDIT RATING RESULT OF INDOCHINE IMPORT EXPORT INVESTMENT INDUSTRIAL JSC FOR 2023

* CREDIT RATING OPINION (first time): vnB-

* OUTLOOK: Negative

* DATE OF RATING CERTIFICATION ISSUANCE: June 28, 2023

* BUSINESS LINE: Renewable Energy

* ANALYSTS:

Mr. Nguyen Duc Phu, MSc

Mr. Bui Van Long, MSc

Mr. Nguyen Thanh Son, MSc

Mr. Nguyen Quoc Minh, MSc

* RATING COMMITTEE:

Mr. Nguyen Phi Long, ACCA

Mr. Le Hoang Quan, MBA

Mr. Pham Ngoc Hoang, CPA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in INDOCHINE IMPORT EXPORT INVESTMENT INDUSTRIAL JSC: None

– Saigon Ratings’ bond ownership in INDOCHINE IMPORT EXPORT INVESTMENT INDUSTRIAL JSC: None

– Saigon Ratings’ other debt instrument ownership in INDOCHINE IMPORT EXPORT INVESTMENT INDUSTRIAL JSC: None

– Saigon Ratings employee’s share ownership in INDOCHINE IMPORT EXPORT INVESTMENT INDUSTRIAL JSC: 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 (INDOCHINE IMPORT EXPORT INVESTMENT INDUSTRIAL JSC).

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