Hanoi, June 7, 2018: Vietnam’s electricity company Vietnam Electricity, or EVN, is one step closer to issuing US dollar bonds and strengthening its financing capacity, following an endorsement by Fitch Ratings of its credit profile.
Now assigned an Issuer Default Rating (IDR) of ‘BB’ with a ‘Stable Outlook’ for long-term foreign currency, EVN’s ratings align with Vietnam’s sovereign rating. EVN’s sustainable financing strategy is supported by technical assistance from the World Bank.
