RATING NOTATION

Key
Notch

Convergence
Level

Lower Tranch

Upper Tranch

Notch Degree

Assessment

Explanation

Distinctive Compliance (DC)

9.50

10.00

aaa

Exceptional

The ratings within this category indicate a very high level of compliance’ with the principles of Corporate Governance set out by CMB-Capital Market Board. An above average number of these practices had been established within the organization, reducing the overall level of operational risk faced by the rated company.

AAA(Trk)

9.00

9.49

aa

Superior

8.50

8.99

a

Excellent

Merit Compliance
(MC)

8.00

8.49

bbb

Outstanding

The ratings within this category indicate a high level of compliance’ with the principles of Corporate Governance set out by CMB. Though all noteworthy practices have been established with supporting information systems, there still remain slight deficiencies. These shortcomings need to be addressed as well as improvement within the overall standard of practices.

AA(Trk)

7.50

7.99

bb

Good

7.00

7.49

b

Adequate

A(Trk)

Satisfactory Compliance (SC)

6.50

6.99

ccc

Average

The ratings within this category indicate a satisfactory level of compliance’ with the principles of Corporate Governance set out by CMB. A lower number of principles have been incorporated within the operations of the company and more attention to develop the level of compliance is required.

6.00

6.49

cc

Pass

B(Trk)

Insufficient (I)

5.50

5.99

c

Borderline

The ratings within this category indicate an insufficient level of compliance with the principles of Corporate Governance set out by CMB. The rated organization has a significant lack of governance laws and supporting infrastructure. Immediate management action is required to achieve adequate level.

C(Trk)

Poor (P)

4.00

5.49

The ratings within this category indicate a poor level of compliance’ with the principles of Corporate Governance set out by CMB. A severe lack of infrastructure to support the implementation of governance laws within the company has been observed. Significant and urgent attention by the management is required.

D(Trk)

Failure (F)

0.00

3.99

The ratings within this category indicate a failure to comply with the principles of Corporate Governance set out by CMB. Very poor governance practices have been established within the rated organization and it is exposed to a very high level of operational risk.

OUTLOOK

Outlook *

Explanation

Positive

Positive Outlook specifies JCR ER’s opinion that company’s present ratings may be raised within a year

Stable

Stable Outlook specifies JCR ER’s opinion that company’s present ratings may be maintained within a year.

Negative

Negative Outlook specifies JCR ER’s opinion that company’s present ratings may be cut within a year.

* Outlook concept shows possible result of rated company’s planned actions, determination and implementation in field of Corporate Governance within a year.