South State Corporation: Update to Credit Analysis
Our credit view of this issuer reflects its strong historical asset quality performance in line with similarly rated peers.Southern Seed Joint Stock Company is a Vietnam-based company engaged in the farming industry. Its activities comprise the research, development, farming, marketing and distribution of rice seeds, hybrid corn seeds, watermelon seeds, cucumber seeds and other vegetable seeds, such as tomato seeds, pepper seeds and beans. The Company is also involved in the manufacturing, packing and trading of pesticides. In addition, it is engaged in the production and trading of agricultural supplies and machinery to support its core activities.
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