FiinRatings suspends its rating on Nui Phao Mining Company?Limited ('NPM') due to the expiration of the rating agreement

November 30, 2023

Hanoi, November 30, 2023: FiinRatings has suspended all ratings on Nui Phao Mining Company Limited (“NPM”). The rating suspension has been made on the basis that the rating agreement has expired and at a mutual agreement.

The announcement of this rating suspension has been made in accordance with Article 27, Article 5, and Article 47 under the Decree 88/2014/NĐ-CP dated 29 September 2014 governing the operation of credit rating services.

FiinRatings is no longer obliged to provide any further rating updates to market and concerned investors and creditors about the issuer and its debt instruments. The rating results, related opinions, and analysis by FiinRatings expressed in rating releases, rating reports, and on any other public domains are valid only from the release date and should not be used and/or referred to after the date of this announcement. 

The latest rating opinions about the Issuer released by FiinRatings are as below: 

Date released 

Type of Credit Rating 

Frequency 

Issuer 

Rating Result 

Rating Outlook 

Link to Announcement 

09/06/2023 

Long-term Issuer Rating 

Initial Rating 

Nui Phao Mining Company Limited 

BBB 

Stable 

Report 

If you have any questions or inquiries, please contact our Investor Communication Team via investor.support@fiinratings.vn.

FiinRatings


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