Credit Rating Result
Hanoi, 20 October 2026 – VIS Rating has withdrawn the BBB+ long-term issuer rating of Tasco Auto Joint Stock Company (Tasco Auto) at issuer’s request.
The rating presented in this announcement is effective from the date of the announcement and remains in effect unless and until it is superseded by a subsequent rating action. Please visit https://visrating.com/rating-results to obtain the latest update on the rating.
Rating rationale
We have decided to withdraw the rating following a review of the issuer’s request to withdraw its rating.
Prior to the withdrawal, the rating outlook was stable.
Established in 2021, Tasco Auto is a subsidiary of Tasco Joint Stock Company (HUT, BBB+ stable). It is a holding company that owns one of the largest automotive dealership, distribution, and service networks in Vietnam. The company’s business is operated and managed under its key subsidiaries, including Saigon General Service Corporation (Savico) – the owner of Vietnam’s leading, long-established multi-brand automotive dealership network, and other sole distributors of Volvo, Lotus, Zeekr, Lynk & Co và Geely in Vietnam.
Factors That Could Lead to an Upgrade/Downgrade
Rating methodology
Non-Financial Corporates Rating Methodology.
For more detailed information, please refer to our full credit rating methodology at: here
Credit rating history
| Date | Rating type | Rating | Outlook | Action |
|---|---|---|---|---|
| 20 October 2026 | Long-term issuer credit rating | WR | - | Rating withdrawn |
| 21 October 2025 | Long-term issuer credit rating | BBB+ | Stable | First-time assignment |
Regulatory disclosures
For further specification of VIS Rating's Rating Symbols and Definitions, please see: here
Tasco Auto’s ownership stake in VIS Rating: 0%
The ownership ratio of Tasco Auto held by VIS Rating’s staff: 0%
Cases in which analysts and credit rating council members cease their participation in the credit rating contract before the contract expires and the reason for the cessation: 0
VIS Rating adheres to a stringent independence policy by current regulations governing the provision of credit rating services in Vietnam. This commitment extends to compliance with our conflicts-of-interest policy, aiming to uphold objectivity and independence when expressing opinions on credit ratings.
The rating has been disclosed to the rated entity or its designated agent(s) and issued with no amendment resulting from that disclosure.
This rating is solicited.
Regulatory disclosures contained in this rating announcement apply to the credit rating and, if applicable, the related rating outlook or rating review.
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Analyst & Committee
Primary Analysts
Rating Committee Members
Credit Rating Announcement Number
Public credit rating announcement no: VN0109793371-002-201026
Disclaimer
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