FiinRatings

Issuer Credit Ratings

Date	Opinion Type	Status Rating	Rating	Outlook	Rating Report

Date	Bond Code	Opinion Type	Status Rating	Rating	Rating Report

Date	Announcement	Applicable Principles	Full Report

Issuer Ratings Debt Instrument Ratings

Issuer Ratings Debt Instrument Ratings

Opinion on the relative level of creditworthiness of an issuer or a debt instrument with an original tenor of one year or above in Vietnam.

Group	Score	Definition and explanation
Investment grade	AAA	Group 1: Extremely strong capacity to meet financial obligation.
	AA+	Group 2: Very strong capacity to meet financial obligation.
	AA
	AA-
	A+	Group 3: Strong capacity to meet financial obligation, but somewhat susceptible to adverse economic conditions and changes in circumstances.
	A
	A-
	BBB+	Group 4: Adequate capacity but more vulnerable to adverse developments and economic conditions.
	BBB
	BBB-
Speculative grade	BB+	Group 5: Moderate capacity to meet financial obligations.
	BB
	BB-
	B+	Group 6: Weak capacity. High risk.
	B
	B-
	CCC+	Group 7: Very weak capability. Substantial risk.
	CCC
	CCC-
	CC
	C
Default
	SD/D	Group 8: Default. Payments on an obligation are not made on the date due or the issuer becomes insolvent. The 'D' rating also will be used upon the filing of a bankruptcy petition or the taking of similar action.