SURVEILLANCE RESULT OF TRUNG MINH NEW URBAN AREAS CO. LTD. FOR 2024

* SURVEILLANCE RATING RESULT (First year of monitoring): vnBB-

* OUTLOOK: Stable

* DATE OF RATING CERTIFICATION ISSUANCE: October 23, 2024

* BUSINESS LINE: Real Estate Development

* ANALYSTS:

Mr. Bui Van Long, MSc

Mr. Vu Thien Phong, ACCA

Ms. Nguyen Kim Chi, BA

* RATING COMMITTEE:

Mr. Nguyen Phi Long, ACCA

Mr. Nguyen Duc Phu, MSc

Mr. Le Hoang Quan, MBA

* INFORMATION OF INTEREST CONFLICT

– Saigon Ratings’ share ownership in Trung Minh New Urban Areas Company Limited: None

– Saigon Ratings’ bond ownership in Trung Minh New Urban Areas Company Limited: None

– Saigon Ratings’ other debt instrument ownership in Trung Minh New Urban Areas Company Limited: None

– Saigon Ratings employee’s share ownership in Trung Minh New Urban Areas 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 (Trung Minh New Urban Areas Company Limited).

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