CREDIT RATING RESULT OF THANH THANH CONG – BIEN HOA JSC (SBT) FOR 2022

* CREDIT RATING OPINION (first time): vnA+

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: December 30, 2022

* BUSINESS LINE: Sugar industry

* ANALYSTS:

Mr. Tran Chi Cuong, MSc

Mr. Bui Van Long, MSc

Mr. Tran Ngoc Huy, MBA

Mr. Dang Quoc Huy, BA

Mr. Nguyen Thanh Son, MSc

* RATING COMMITTEE:

Mr. Nguyen Thuong, CPA

Mr. Nguyen Duc Phu, MSc

Mr. Trinh Cong Son, ACCA, CPA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in THANH THANH CONG – BIEN HOA JSC (SBT): None

– Saigon Ratings’ bond ownership in THANH THANH CONG – BIEN HOA JSC (SBT): None

– Saigon Ratings’ other debt instrument ownership in THANH THANH CONG – BIEN HOA JSC (SBT): None

– Saigon Ratings employee’s share ownership in THANH THANH CONG – BIEN HOA JSC (SBT): 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 (THANH THANH CONG – BIEN HOA JSC (SBT)).

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