EVNHANOI continues to receive a BB credit rating.

From June to September 2023, the international credit rating agency Fitch conducted an assessment of EVNHANOI. According to Fitch, EVNHANOI was given a BB credit rating due to the corporation's position in the electricity distribution sector in Hanoi , with a diverse and stable customer network, with over 56% of customers being households and a high electricity bill collection rate.

According to Fitch, EVNHANOI is one of five distribution corporations under EVN. The credit rating agency Fitch assesses that EVN has a profound influence on EVNHANOI's business plans, profitability, and finances. EVN also approves EVNHANOI's production, business, financial, and construction investment plans, as well as appointing key leadership positions.

This is the fourth year that EVNHANOI has achieved positive results working with the credit rating agency Fitch.

The credit rating results are a significant milestone for the Corporation in 2023. This provides a solid foundation for the Corporation to gradually become fully self-reliant in raising capital to finance future projects through more diversified sources, including international capital markets and the issuance of long-term bonds.

Fitch Ratings is an international credit rating agency with offices in New York, London, and Singapore, and is one of the three leading credit rating agencies in the world, alongside Moody's and Standard & Poor's. Fitch Ratings bases its ratings on factors such as the type of debt a company holds and its sensitivity to systemic changes in interest rates, the business environment, legislation, and government support.

Bao Anh

Source: https://vtc.vn/evnhanoi-tiep-tuc-duoc-xep-hang-tin-nhiem-muc-bb-ar823206.html