FiinRatings suspends its rating on Gia Lai Electricity Joint Stock Company (“GEG”) due to the expiration of the rating agreement

June 29, 2024

Hanoi, June 29, 2024FiinRatings officially announces the termination of its credit rating activities for Gia Lai Electricity Joint Stock Company (“GEG”). The termination of the credit rating service results from the expiration of the credit rating agreement and is based on mutual consent between both parties. 

The disclosure of the termination of the credit rating agreement is carried out in accordance with the provisions of Decree No. 88/2014/ND-CP dated September 26, 2014, issued by the Government on credit rating services, and FiinRatings's internal regulations. Accordingly, when enterprises choose not to continue participating in the voluntary credit rating service, the credit rating agency will publish a disclosure regarding such termination. 

As a result, FiinRatings will cease to be responsible for providing information and independent assessments to the market and investors concerning the company and its debt instruments. All previous credit rating results, opinions, and analyses provided by FiinRatings in its published credit rating reports shall only remain valid up to the date of this announcement. 

The following credit rating results for GEG had been previously published by FiinRatings: 

Publication Date

Rating Type

Frequency

Issuer

Credit Rating

Rating Outlook

Rating Announcement

January 31, 2024

Issuer Rating

Rating Update

Gia Lai Electricity JSC

A-

Stable

[Full Report]

July 31, 2023

Issuer Rating

Initial Rating

Gia Lai Electricity JSC

A-

Stable

[Full Report]

If you have any questions or inquiries, please contact the Investor Relations Department of FiinRatings at investor.support@fiinratings.vn

FiinRatings


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