EVNNPT works with Fitch Ratings on credit rating in 2023

The National Power Transmission Corporation (EVNNPT) has just had a meeting with Fitch Ratings on the credit rating for EVNNPT in 2023. This is an annual activity for Fitch Ratings to collect information to evaluate and rate businesses.

Working session between EVNNPT and Fitch Ratings on credit rating in 2023

The annual investment demand of EVNNPT for Vietnam's power transmission grid is about USD 700-800 million per year. Therefore, EVNNPT aims to implement credit ratings to affirm the credibility and increase the transparency of enterprises, thereby international bonds can be issued. Credit ratings will also help EVNNPT mobilize international loans from different sources without government guarantees.

At the end of 2018, the World Bank (WB) supported EVNNPT with this credit rating program by sponsoring and hiring Fitch Ratings for implementation.

In April 2019, the credit rating of EVNNPT announced by Fitch Ratings was BB+, higher than the parent company - Vietnam Electricity (EVN) and the national rating of Vietnam. The BB+ rating affirms the stable and solid financial capacity of EVNNPT.

It is expected that the EVNNPT rating evaluation results in 2023 will be completed and announced by Fitch Ratings in May 2023.


  • 09/03/2023 05:43
  • evn.com.vn
  • 437