* CREDIT RATING OPINION (fifth year of monitoring): Confidential
* OUTLOOK:Confidential
* DATE OF RATING CERTIFICATION ISSUANCE: August 13, 2025
* ANALYSTS:
Ms. Diep Ngoc Yen, MSc
Mr. Vu Thien Phong, CFA, ACCA
* RATING COMMITTEE:
Mr. Nguyen Duc Phu, MSc
Mr. Le Hoang Quan, MBA
Ms. Bui Thu Huong, MBA, CFA
* INFORMATION OF INTEREST CONFLICT
– Saigon Ratings’ share ownership in Phu Hung Assurance: None
– Saigon Ratings’ bond ownership in Phu Hung Assurance: None
– Saigon Ratings’ other debt instrument ownership in Phu Hung Assurance: None
– Saigon Ratings employee’s share ownership in Phu Hung Assurance: 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 (Phu Hung Assurance).
