* CREDIT RATING RESULT (First-time – Update): vnBB
* OUTLOOK: Stable
* DATE OF RATING CERTIFICATION ISSUANCE: May 04, 2026
* BUSINESS LINE: Real Estate Development
* RATING COMMITTEE:
Ms. Bui Thu Huong, MBA, CFA
Mr. Nguyen Duc Phu, MSc
Mr. Bui Van Long, MSc
* ANALYSTS:
Ms. Do Phuong Lan, MDE
Ms. Diep Ngoc Yen, MSc
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Thang Long Company Limited: None
– Saigon Ratings’ bond ownership in Thang Long Company Limited: None
– Saigon Ratings’ other debt instrument ownership in Thang Long Company Limited: None
– Saigon Ratings employee’s share ownership in Thang Long Company Limited: 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 (Thang Long Company Limited).
