Rating action          MARC Ratings has affirmed its rating of AAAIS on TNB Western Energy Berhad’s (TNB Western) outstanding sukuk of RM3.7 billion with a stable outlook. TNB Western is the funding vehicle of TNB Manjung Five Sdn Bhd (TNB Manjung Five), a 100% indirectly-owned subsidiary of Tenaga Nasional Berhad (TNB). TNB Manjung Five operates and maintains ...

Rating action     MARC Ratings has affirmed its rating of AAAIS on TNB Western Energy Berhad’s (TNB Western) outstanding sukuk of RM3.7 billion with a stable outlook.     TNB Western is the funding vehicle of TNB Manjung Five Sdn Bhd, a 100% indirectly-owned subsidiary of TNB. TNB Manjung Five operates and maintains a 1,000MW ultra-supercritical coal-fired power pla...

Rating action     MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) outstanding sukuk of RM3.7 billion with a stable outlook.TNB Western is the funding vehicle of TNB Manjung Five Sdn Bhd, a 100% indirect-owned subsidiary of Tenaga Nasional Berhad (TNB). TNB Manjung Five operates and maintains a 1,000MW ultra-supercritical coal-fired power plant in Ma...

MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) sukuk of up to RM4.0 billion with a stable outlook. It has an outstanding sukuk of RM3.6 billion as of end-June 2020.TNB Western is the funding vehicle of TNB Manjung Five Sdn Bhd which was established to design, construct, own, operate and maintain a 1,000MW ultra-supercritical coal-fired power plant in Manjung, Per...

MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy is the funding vehicle of TNB Manjung Five Sdn Bhd, a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), which was awarded a 25-year power purchase agreement (PPA) in 2013. The rating and outlook of TNB Western Energy are equalised with TNB’s corp...

MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s Sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy is the funding vehicle of parent TNB Manjung Five Sdn Bhd, a wholly-owned subsidiary of TNB. The rating and outlook are equalised with Tenaga Nasional Berhad’s (TNB) corporate credit rating of AAA/stable on the basis of the rolling guarantee and c...

MARC has affirmed its rating of AAAIS on TNB Western Energy Berhad’s (TNB Western Energy) Sukuk of up to RM4.0 billion with a stable outlook. The rating and outlook are equalised with Tenaga Nasional Berhad’s (TNB) corporate credit rating of AAA/stable, taking into consideration the post-completion rolling guarantee provided by the parent to fund shortfalls in the finance service account (FSA...

MARC has affirmed the rating of AAAIS on TNB Western Energy Berhad’s (TNB Western Energy) Islamic Sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy is the funding conduit of TNB Manjung Five Sdn Bhd (TNB Manjung Five), the project company for the construction of the 1,000-megawatt (MW) ultra-supercritical (USC) coal-fired power plant under a 25-year power purchase agre...

MARC has affirmed the rating of AAAIS on TNB Western Energy Berhad’s (TNB Western Energy) Islamic Sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy is the funding vehicle of TNB Manjung Five Sdn Bhd (TNB Manjung Five) to undertake the construction of a 1,000MW ultra-supercritical coal-fired power plant under a 25-year power purchase agreement (PPA) with Tenaga Nasional...

MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western Energy) Islamic Sukuk (sukuk) of up to RM4.0 billion with a stable outlook. TNB Western Energy is a wholly-owned funding vehicle of TNB Manjung Five Sdn Bhd (TNB Manjung Five), which is in turn a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB). TNB Manjung Five was incorporated to undertake the constructi...