From June to September 2023, international credit rating agency Fitch conducted an assessment of EVNHANOI. According to Fitch, EVNHANOI was rated BB due to the corporation's position in the electricity distribution sector in Hanoi, with a diverse and stable customer network, with more than 56% of customers being households and a high electricity bill collection rate.
According to Fitch, EVNHANOI is one of five distribution corporations under EVN. Fitch credit rating agency assessed that EVN has a profound impact on EVNHANOI's business, profit and financial plans. EVN also approved EVNHANOI's production, business, financial and construction investment plans as well as appointed key leadership positions.
This is the fourth year EVNHANOI has achieved good results when working with credit rating organization Fitch.
The credit rating results are an important milestone in 2023 for the Corporation. This is a solid foundation for the Corporation to gradually become fully autonomous in raising capital to finance future projects through more diverse sources, including international capital markets and long-term bond issuance.
Fitch Ratings is an international credit rating agency headquartered in New York, London, Singapore and is one of the three leading credit rating agencies in the world, along with Moody's and Standard & Poor's. Fitch Ratings rates based on factors such as the type of debt a company holds and its sensitivity to systemic changes in interest rates, the business environment, laws, government support, etc.
Bao Anh
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