Posted by hpcp > 2020-11-06 21:55 | Report Abuse

Hmmm.... rating BB.... Non-investment grade

Posted by i3lurker > 2020-11-06 22:11 | Report Abuse

///The notes' rating is capped at 'BB/Stable' by Vietnam's sovereign rating (BB/Stable) due to the government guarantee of Vietnamese state counterparty obligations. The underlying credit rating is 'bbb-'.///

Those Power Plant papers are rated BBB- by themselves
because plant is inside Vietnam hence maxed out at BB only

because Vietnam Country Risk aka Vietnam Sovereign Risk is rated BB
so those power plant papers at maxed out at BB only

BBB- is better than BB