Score Motion: Moody’s confirms and can withdraw SHBANK Finance’s ratingsGlobal Credit score Analysis – 30 Aug 2022Singapore, August 30, 2022 — Moody’s Buyers Service has immediately confirmed SHBANK Finance Firm Restricted (SHB Finance)’s B3 issuer and company household scores. The outlook is modified to optimistic from scores underneath evaluate. This concludes the scores evaluate for improve initiated on 1 September 2021 following the Saigon – Hanoi Business Joint Inventory Financial institution’s (SHB, B1 optimistic, b2) to promote fairness stake in SHB Finance to Financial institution of Ayudhya (BAY, Baa1 secure, baa3).Subsequently, Moody’s will withdraw all scores of SHB Finance.RATINGS RATIONALEThe affirmation of SHB Finance’s scores and alter in outlook to optimistic displays Moody’s expectations that the corporate will profit from funding, expertise, and threat administration assist from BAY after the acquisition. Therefore SHB Finance’s scores might be upgraded contemplating affiliate assist that the corporate will obtain from BAY.The acquisition will happen in two phases with SHB transferring 50% of the constitution capital initially and the remaining 50% within the subsequent three years. The transaction is at present pending exterior approvals and the execution timing stays unsure.Moody’s has determined to withdraw the scores for its personal enterprise causes. Please seek advice from the Moody’s Buyers Service Coverage for Withdrawal of Credit score Scores, accessible on its web site, https://scores.moodys.com.The principal methodology utilized in these scores was Finance Corporations Methodology revealed in November 2019 and accessible at https://scores.moodys.com/api/rmc-documents/65543. Alternatively, please see the Score Methodologies web page on https://scores.moodys.com for a replica of this technique.Headquartered in Vietnam, SHBANK Finance Firm Restricted reported whole property of VND6.three trillion as of 31 December 2021.REGULATORY DISCLOSURESFor additional specification of Moody’s key ranking assumptions and sensitivity evaluation, see the sections Methodology Assumptions and Sensitivity to Assumptions within the disclosure kind. Moody’s Score Symbols and Definitions will be discovered on https://scores.moodys.com/rating-definitions.For scores issued on a program, sequence, class/class of debt or safety this announcement gives sure regulatory disclosures in relation to every ranking of a subsequently issued bond or be aware of the identical sequence, class/class of debt, safety or pursuant to a program for which the scores are derived completely from current scores in accordance with Moody’s ranking practices. For scores issued on a assist supplier, this announcement gives sure regulatory disclosures in relation to the credit standing motion on the assist supplier and in relation to every explicit credit standing motion for securities that derive their credit score scores from the assist supplier’s credit standing. For provisional scores, this announcement gives sure regulatory disclosures in relation to the provisional ranking assigned, and in relation to a definitive ranking which may be assigned subsequent to the ultimate issuance of the debt, in every case the place the transaction construction and phrases haven’t modified previous to the task of the definitive ranking in a way that might have affected the ranking. For additional data please see the issuer/deal web page for the respective issuer on https://scores.moodys.com.For any affected securities or rated entities receiving direct credit score assist from the first entity(ies) of this credit standing motion, and whose scores could change because of this credit standing motion, the related regulatory disclosures can be these of the guarantor entity. Exceptions to this strategy exist for the next disclosures, if relevant to jurisdiction: Ancillary Providers, Disclosure to rated entity, Disclosure from rated entity.The scores have been disclosed to the rated entity or its designated agent(s) and issued with no modification ensuing from that disclosure.These scores are solicited. Please seek advice from Moody’s Coverage for Designating and Assigning Unsolicited Credit score Scores accessible on its web site https://scores.moodys.com.Regulatory disclosures contained on this press launch apply to the credit standing and, if relevant, the associated ranking outlook or ranking evaluate.Moody’s common ideas for assessing environmental, social and governance (ESG) dangers in our credit score evaluation will be discovered at https://scores.moodys.com/paperwork/PBC_1288235.The World Scale Credit score Score on this Credit score Score Announcement was issued by one in every of Moody’s associates exterior the EU and is endorsed by Moody’s Deutschland GmbH, An der Welle 5, Frankfurt am Most important 60322, Germany, in accordance with Artwork.four paragraph three of the Regulation (EC) No 1060/2009 on Credit score Score Businesses. Additional data on the EU endorsement standing and on the Moody’s workplace that issued the credit standing is offered on https://scores.moodys.com.The World Scale Credit score Score on this Credit score Score Announcement was issued by one in every of Moody’s associates exterior the UK and is endorsed by Moody’s Buyers Service Restricted, One Canada Sq., Canary Wharf, London E14 5FA underneath the legislation relevant to credit standing companies within the UK. Additional data on the UK endorsement standing and on the Moody’s workplace that issued the credit standing is offered on https://scores.moodys.com.Please see https://scores.moodys.com for any updates on adjustments to the lead ranking analyst and to the Moody’s authorized entity that has issued the ranking.Please see the issuer/deal web page on https://scores.moodys.com for added regulatory disclosures for every credit standing. Joyce Ong Asst Vice President – Analyst Monetary Establishments Group Moody’s Buyers Service Singapore Pte. Ltd. 71 Robinson Highway #05-01/02 Singapore, 068895 Singapore JOURNALISTS: 852 3758 1350 Shopper Service: 852 3551 3077 Alka Anbarasu Affiliate Managing Director Monetary Establishments Group JOURNALISTS: 852 3758 1350 Shopper Service: 852 3551 3077 Releasing Workplace: Moody’s Buyers Service Singapore Pte. Ltd. 71 Robinson Highway #05-01/02 Singapore, 068895 Singapore JOURNALISTS: 852 3758 1350 Shopper Service: 852 3551 3077 © 2022 Moody’s Company, Moody’s Buyers Service, Inc., Moody’s Analytics, Inc. and/or their licensors and associates (collectively, “MOODY’S”). All rights reserved.CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES ARE THEIR CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MATERIALS, PRODUCTS, SERVICES AND INFORMATION PUBLISHED BY MOODY’S (COLLECTIVELY, “PUBLICATIONS”) MAY INCLUDE SUCH CURRENT OPINIONS. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE APPLICABLE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S CREDIT RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS, NON-CREDIT ASSESSMENTS (“ASSESSMENTS”), AND OTHER OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. 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Nonetheless, MOODY’S shouldn’t be an auditor and can’t in each occasion independently confirm or validate data acquired within the ranking course of or in making ready its Publications.To the extent permitted by legislation, MOODY’S and its administrators, officers, staff, brokers, representatives, licensors and suppliers disclaim legal responsibility to any particular person or entity for any oblique, particular, consequential, or incidental losses or damages by any means arising from or in reference to the data contained herein or the usage of or lack of ability to make use of any such data, even when MOODY’S or any of its administrators, officers, staff, brokers, representatives, licensors or suppliers is suggested upfront of the potential for such losses or damages, together with however not restricted to: (a) any lack of current or potential earnings or (b) any loss or injury arising the place the related monetary instrument shouldn’t be the topic of a selected credit standing assigned by MOODY’S.To the extent permitted by legislation, MOODY’S and its administrators, officers, staff, brokers, representatives, licensors and suppliers disclaim legal responsibility for any direct or compensatory losses or damages triggered to any particular person or entity, together with however not restricted to by any negligence (however excluding fraud, willful misconduct or some other sort of legal responsibility that, for the avoidance of doubt, by legislation can’t be excluded) on the a part of, or any contingency inside or past the management of, MOODY’S or any of its administrators, officers, staff, brokers, representatives, licensors or suppliers, arising from or in reference to the data contained herein or the usage of or lack of ability to make use of any such data.NO WARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY, TIMELINESS, COMPLETENESS, MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY CREDIT RATING, ASSESSMENT, OTHER OPINION OR INFORMATION IS GIVEN OR MADE BY MOODY’S IN ANY FORM OR MANNER WHATSOEVER.Moody’s Buyers Service, Inc., a wholly-owned credit standing company subsidiary of Moody’s Company (“MCO”), hereby discloses that the majority issuers of debt securities (together with company and municipal bonds, debentures, notes and industrial paper) and most well-liked inventory rated by Moody’s Buyers Service, Inc. have, previous to task of any credit standing, agreed to pay to Moody’s Buyers Service, Inc. for credit score scores opinions and companies rendered by it charges starting from $1,000 to roughly $5,000,000. MCO and Moody’s Buyers Service additionally keep insurance policies and procedures to handle the independence of Moody’s Buyers Service credit score scores and credit standing processes. Info relating to sure affiliations that will exist between administrators of MCO and rated entities, and between entities who maintain credit score scores from Moody’s Buyers Service and have additionally publicly reported to the SEC an possession curiosity in MCO of greater than 5%, is posted yearly at www.moodys.com underneath the heading “Investor Relations — Company Governance — Director and Shareholder Affiliation Coverage.”Further phrases for Australia solely: Any publication into Australia of this doc is pursuant to the Australian Monetary Providers License of MOODY’S affiliate, Moody’s Buyers Service Pty Restricted ABN 61 003 399 657AFSL 336969 and/or Moody’s Analytics Australia Pty Ltd ABN 94 105 136 972 AFSL 383569 (as relevant). This doc is meant to be offered solely to “wholesale purchasers” inside the which means of part 761G of the Companies Act 2001. By persevering with to entry this doc from inside Australia, you signify to MOODY’S that you’re, or are accessing the doc as a consultant of, a “wholesale shopper” and that neither you nor the entity you signify will straight or not directly disseminate this doc or its contents to “retail purchasers” inside the which means of part 761G of the Companies Act 2001. MOODY’S credit standing is an opinion as to the creditworthiness of a debt obligation of the issuer, not on the fairness securities of the issuer or any type of safety that’s accessible to retail buyers.Further phrases for Japan solely: Moody’s Japan Okay.Okay. (“MJKK”) is a wholly-owned credit standing company subsidiary of Moody’s Group Japan G.Okay., which is wholly-owned by Moody’s Abroad Holdings Inc., a wholly-owned subsidiary of MCO. Moody’s SF Japan Okay.Okay. (“MSFJ”) is a wholly-owned credit standing company subsidiary of MJKK. MSFJ shouldn’t be a Nationally Acknowledged Statistical Score Group (“NRSRO”). Due to this fact, credit score scores assigned by MSFJ are Non-NRSRO Credit score Scores. Non-NRSRO Credit score Scores are assigned by an entity that isn’t a NRSRO and, consequently, the rated obligation is not going to qualify for sure sorts of remedy underneath U.S. legal guidelines. MJKK and MSFJ are credit standing companies registered with the Japan Monetary Providers Company and their registration numbers are FSA Commissioner (Scores) No. 2 and three respectively.MJKK or MSFJ (as relevant) hereby disclose that the majority issuers of debt securities (together with company and municipal bonds, debentures, notes and industrial paper) and most well-liked inventory rated by MJKK or MSFJ (as relevant) have, previous to task of any credit standing, agreed to pay to MJKK or MSFJ (as relevant) for credit score scores opinions and companies rendered by it charges starting from JPY100,000 to roughly JPY550,000,000.MJKK and MSFJ additionally keep insurance policies and procedures to handle Japanese regulatory necessities. ​