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.