* CREDIT RATING OPINION (first-time): vnA
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: October 03, 2025
* BUSINESS LINE: Livestock
* RATING COMMITTEE:
Mr. Bui Van Long, MSc
Mr. Le Hoang Quan, MBA
Ms. Bui Thu Huong, MBA, CFA
* ANALYSTS:
Mr. Nguyen Duc Phu, MSc
Ms. Do Phuong Lan, MDE
Ms. Vo Ngoc Lan Anh, MBA
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in BAF Vietnam Agriculture Joint Stock Company: None
– Saigon Ratings’ bond ownership in BAF Vietnam Agriculture Joint Stock Company: None
– Saigon Ratings’ other debt instrument ownership in BAF Vietnam Agriculture Joint Stock Company: None
– Saigon Ratings employee’s share ownership in BAF Vietnam Agriculture 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 (BAF Vietnam Agriculture Joint Stock Company).
