{"id":10562,"date":"2025-12-15T16:30:29","date_gmt":"2025-12-15T09:30:29","guid":{"rendered":"https:\/\/saigonratings.com\/?p=10562"},"modified":"2025-12-19T16:33:21","modified_gmt":"2025-12-19T09:33:21","slug":"6m_surveillance-crystalbay-2025","status":"publish","type":"post","link":"https:\/\/saigonratings.com\/en\/6m_surveillance-crystalbay-2025\/","title":{"rendered":"SURVEILLANCE RESULT OF CRYSTAL BAY VIETNAM JSC FOR 2025"},"content":{"rendered":"<p>* 6-MONTH SURVEILLANCE RATING OPINION (First year of monitoring): <em><strong>vnBB<\/strong><\/em><\/p>\n<p>* OUTLOOK: <em><strong>Adverse<\/strong><\/em><\/p>\n<p>* DATE OF RATING CERTIFICATION ISSUANCE: <em><strong>December 12, 2025<\/strong><\/em><\/p>\n<p>* Business line: <em><strong>Tourism<\/strong><\/em><\/p>\n<p>* RATING COMMITTEE:<\/p>\n<p>Mr. Bui Van Long, MSc<\/p>\n<p>Mr. Nguyen Duc Phu, MSc<\/p>\n<p>Ms. Bui Thu Huong, MBA, CFA<\/p>\n<p>* ANALYSTS:<\/p>\n<p>Ms. Do Phuong Lan, MDE<\/p>\n<p>Ms. Nguyen Kim Chi, BA<\/p>\n<p>* INFORMATION OF INTEREST CONFLICT<\/p>\n<p>\u2013 Saigon Ratings\u2019 share ownership in Crystal Bay Vietnam JSC: None<\/p>\n<p>\u2013 Saigon Ratings\u2019 bond ownership in Crystal Bay Vietnam JSC: None<\/p>\n<p>\u2013 Saigon Ratings\u2019 other debt instrument ownership in Crystal Bay Vietnam JSC: None<\/p>\n<p>\u2013 Saigon Ratings employee\u2019s share ownership in Crystal Bay Vietnam JSC: None<\/p>\n<p>Saigon Ratings is committed to the implementation of credit rating independently and objectively.<\/p>\n<p>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 (Crystal Bay Vietnam JSC)).<\/p>\n<div class=\"_3d-flip-book fb3d-fullscreen-mode full-size\" data-id=\"10608\" data-mode=\"fullscreen\" data-title=\"false\" data-template=\"short-white-book-view\" data-lightbox=\"dark-shadow\" data-urlparam=\"fb3d-page\" data-page-n=\"0\" data-pdf=\"\" 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