Fitch evaluates EVNNPC's independent credit profile to be equal to that of Electricity of Vietnam (EVN) and Vietnam's national credit rating (BB/Stable).
EVNNPC's rating is evaluated based on EVN's consolidated credit profile - 100% owned by EVNNPC, in accordance with criteria for evaluating the relations between the parent company and its subsidiary company.
The leaders of the Northern Power Corporation receiving the Certificate of Fitch Ratings at BB with the witness of the EVN’s leaders
At the event announcing the credit rating, Ms. Do Nguyet Anh - General Director of EVNNPC said that Fitch Ratings rated the redit rating of EVNNPC for the first time at 'BB' with a stable outlook as a sure guarantee for Potential investors domestically and internationally, helping EVNNPC to have a more solid basis to mobilize investment capital for power projects.
As a corporation operating in the field of power distribution, responsible for managing, operating, and trading power in the 27 Northern provinces, with great annual investment needs, credit rating and rating. The rating by Fitch Ratings is very important, helping EVNNPC to arrange foreign investment soon.
This is an important step for EVNNPC towards full autonomy in capital mobilization to implement power projects in the future.