Fitch rates Vietnam Electricity BB

Fitch Ratings said it assigned Vietnam Electricity a long-term foreign-currency issuer default rating of BB with a stable outlook and a senior unsecured rating of BB.

Fitch said the ratings reflect the company’s standalone credit profile, which is at the same level as that of the Vietnam sovereign (BB/stable).

Under the agency’s Government-Related Entities Rating Criteria, Vietnam Electricity’s ratings will be equalized to that of the sovereign in case of any weakening in its standalone credit profile, provided linkages remain intact.

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