Attending the meeting, on the side of EVNNPC, there was Mr. Nguyen Duc Thien - General Director, and Mr. Phan Tu Luong - Deputy General Director.
On the side of Fitch Ratings was Mr. Muralidharan Ramakrishnan - Head of South and Southeast Asia Energy & Utilities, Corporates, and Ms. Charlene Wong - Associate Director.
EVNNPC worked with Fitch Ratings on credit rating in 2022
Speaking at the meeting, Mr. Nguyen Duc Thien - General Director of EVNNPC stated, in 2022, being directly affected by the global energy crisis and political situation, Vietnam's electricity industry in general and EVNNPC in particular were confronted with many difficulties and challenges. However, thanks to the attention and direction of the authorities at all levels and Vietnam Electricity (EVN), the efforts of more than 26,000 employees, EVNNPC has successfully fulfilled all targets and tasks assigned by EVN.
EVNNPC's General Director affirmed that EVNNPC has always been highly valued by Vietnam Electricity, the public and electricity users; the electricity supply has been secured in 27 Northern provinces and cities in a safe and reliable manner with increasingly improved quality.
Mr. Muralidharan Ramakrishnan - Head of South and Southeast Asia Energy & Utilities, Corporates shared, Fitch Ratings is delighted to keep on accompanying EVNNPC in credit rating; at the same time, he highly appreciated EVNNPC's efforts in the past time, especially in 2022.
At the meeting, EVNNPC presented a report on corporate performance in 2022; and answered questions from Fitch Ratings’ experts to better clarify the Corporation's operations and financial situation in 2022.
The representative of Fitch Ratings said EVNNPC’s information would be submitted to the Fitch Rating Committee for assessment and credit rating.
Previously, in 2020, EVNNPC’s rating was affirmed at BB, stable outlook by Fitch Ratings; in 2021, the rating was at BB/positive, which was the same level as EVN's rating and Vietnamese sovereign rating.