AsemconnectVietnam - Saigon Ratings has just announced the results of the long-term credit rating assessment for Thai Nguyen International Hospital Joint Stock Company (TNH - HOSE). Accordingly, TNH achieved a credit rating of "vnA+" with a "Stable" outlook.

The above results were assessed by Saigon Ratings based on the foundation that TNH is one of the largest non-public hospital systems in the North, with stable operations, steady revenue growth, stable profit margins and active business cash flow. In particular, according to Saigon Ratings, the risk level for TNH in the short and medium term is low if the current operating strategy is maintained. At the same time, with a cautious and focused management strategy, Saigon Ratings evaluates that new projects will create many positive values for the business in the long term.
Receiving the "vnA+" credit rating shows that TNH has many advantages and development potential, with strengths in high-quality human resources and the ability to well meet the medical examination and treatment needs of customers; Stable business operations; Leverage indicators, interest payment ability, cash flow surplus, ability to access loans and fulfill debt obligations remain at good levels.
Saigon Ratings' "Stable" credit rating outlook has shown confidence and appreciation that TNH will continue to grow in revenue and implement a careful capital mobilization strategy to invest in developing the project expands and continues to maintain leverage at a relatively low level.
Saigon Ratings especially appreciates TNH for maintaining stability in its business model (revenue growth is steady, business cash flow is always positive and there are no investment activities outside the industry). This is an important basis for TNH to continue investing and expanding new projects, creating a breakthrough in future growth.
According to Mr. Hoang Tuyen, Chairman of TNH's Board of Directors, one of TNH's core values is responsibility to shareholders, investors, partners, and customers. TNH is committed to maintaining information transparency and creating favorable conditions for stakeholders to access business information. The credit rating results by an independent evaluation unit help TNH make well-founded strategic decisions and present a transparent picture to shareholders, partners, customers, and investors.
N.Nga
Source: VITIC/Tinnhanhchungkhoan