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MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and Islamic debt rating of AAAID on its outstanding RM2.0 billion Al-Bai’ Bithaman Ajil Bonds. The outlook on the ratings is stable. The ratings continue to incorporate a two-notch uplift from TNB’s standalone corporate credit rating of AA/Stable to reflect the high likelihood of government support stemming fr...
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MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and Islamic debt rating of AAAID for the outstanding RM2.0 billion Al-Bai’ Bithaman Ajil Bonds. The outlook on the ratings is stable. The ratings continue to incorporate an uplift from TNB’s standalone credit strength to reflect the high likelihood of government support premised on the company’s critical ...
This article has been viewed 1581 times.
MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and Islamic debt rating of AAAID for the outstanding RM2.0 billion Al-Bai’ Bithaman Ajil Bonds. The outlook on the ratings is stable. The ratings continue to incorporate an uplift from TNB’s standalone credit assessment and fundamentally represents the high likelihood of support from the government premised on ...
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MARC has withdrawn its AAAID rating on Tenaga Nasional Berhad’s (TNB) RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility with immediate effect following the redemption of its final tranche of RM150 million on October 1, 2012 and cancellation of the facility as confirmed by the facility agent, KAF Investment Bank Berhad, on October 2, 2012. MARC’s analytical coverage on T...
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MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and the utility's Islamic debt ratings at AAAID for the following outstanding issues: i) RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility; and ii) RM2.0 billion Al-Bai’ Bithaman Ajil Bonds. The outlook is stable. The affirmed ratings continue to incorporate support uplift for TNB's obligations, deriv...
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MARC has upgraded Tenaga Nasional Berhad’s (TNB) issuer and Islamic debt ratings to AAA and AAAID respectively from AA+ and AA+ID. The rating action affects the following outstanding issues: i) RM1.0 billion Al-Bai Bithaman Ajil Notes Issuance Facility; and ii) RM2.0 billion Al-Bai’ Bithaman Ajil Bonds. The outlook is stable.The upgrade of TNB's rating reflects MARC's revised assumptio...
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Following Tenaga Nasional Berhad's (TNB) announcement that it had posted a pre-tax profit before forex translation gains of RM2,854.1 million for the nine months ended May 31, 2010, 28.8% up from the prior year corresponding period, MARC comments that TNB's ratings will not be affected. TNB is rated AA+/ MARC-1 by MARC and the Rating Outlook is Stable.While TNB's third quarter (Q3FY2010) net...
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MARC has withdrawn its MARC-1ID/AA+ID ratings on Tenaga Nasional Berhad’s RM1.5 billion Murabahah Commercial Papers and Murabahah Medium-Term Notes with immediate effect. The rating withdrawal follows the recent confirmation from the facility agent, KAF Investment Bank Berhad, that the facility has been cancelled. Contacts: Sandeep Bhattacharya 03-20902247 / sandeep@marc.com.my; Khairul Emra...
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MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AA+ and the utility's Islamic debt ratings as follows:RM1.0 billion Al-Bai Bithaman Ajil Notes Issuance Facility at AA+ID;RM2.0 billion Al-Bai’ Bithaman Ajil Bonds at AA+ID; andRM1.5 billion Murabahah Commercial Papers and Murabahah Medium Term Notes at MARC-1ID/AA+ID.MARC has revised its ratings outlook to stable from d...
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MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AA+ as well as its ratings on TNB’s Islamic debt facilities which are as follows:• RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility rated AA+ID;• RM2.0 billion Al-Bai’ Bithaman Ajil Bonds rated AA+ID; and• RM1.5 billion Murabahah Commercial Papers and Murabahah Medium ...
This article has been viewed 1253 times.