FiinRatings terminates credit rating services for TN Development Joint Stock Company ("TN") due to the expiration of the rating agreement

11:51 10/09/2026

FiinRatings

Hanoi, September 10, 2026 — FiinRatings officially announces the termination of its credit rating services for TN Development Joint Stock Company ("TN") and TN's debt instruments, effective from September 10, 2026. The termination of the credit rating services is carried out in accordance with the terms stipulated in the credit rating service contract.

The disclosure of this information is carried out in accordance with the provisions of Decree No. 88/2014/ND-CP on credit rating services.

As a result, FiinRatings will cease to be responsible for providing information and independent assessments to the market and interested investors concerning the credit ratings of TN and its debt instruments. All previous credit rating results, opinions, and analyses provided by FiinRatings in its published announcements and credit rating reports regarding TN and its debt instruments shall only remain valid up to the date of this announcement.

The following credit rating results for TN and its debt instruments had been previously published by FiinRatings:

Publication Date

Rating Type

Rating Status

Issuer

Rating Grade

Outlook

Detailed Report

03/04/2026

Issue Rating

Surveillance

TN Development Joint Stock Company

BB-

—

Disclosure Details

03/04/2026

Issuer Rating

Surveillance

TN Development Joint Stock Company

B

Stable

Disclosure Details

31/10/2025

Issue Rating

Initial Rating

TN Development Joint Stock Company

BB-

—

Disclosure Details

03/10/2025

Issuer Rating

Initial Rating

TN Development Joint Stock Company

B

Stable

Disclosure Details

Highlights

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