Ratings for Tenaga Nasional Berhad reflect the utility’s strategic importance to Malaysia’s economy and national security given its role as principal supplier of electricity in the country and an acceptable level of financial risk for the rating category. The outcome of current gas price discussions with Petronas Gas Berhad will however have a significant impact on the utility’s financials s...

Malaysian Rating Corporation Berhad (MARC) has assigned an Islamic debt rating of AA+ID (double A plus, Islamic Debt) to Tenaga Nasional Berhad’s (TNB) proposed RM2.0 billion Al-Bai Bithaman Ajil Bonds (2001/2021). The rating reflects TNB’s strategic importance to Malaysia’s economy and national security given its role as principal supplier of electricity in the country. TNB’s near term...

Malaysian Rating Corporation Berhad (MARC) has affirmed Tenaga Nasional Berhad’s issuer ratings at AA+/MARC-1. MARC has also affirmed TNB’s Al-Bai Bithaman Ajil Notes Issuance Facility rating at AA+ID and Eight-year Fixed Rate Unsecured Bonds rating at AA+. The ratings affirmation is based on TNB’s strategic importance to Malaysia’s economy and national security given its role as principal...

Malaysian Rating Corporation Berhad (MARC) has upgraded the long-term issuer rating of Tenaga Nasional Berhad (TNB) to AA+ (double A plus) and reaffirmed TNB`s short-term issuer rating at MARC-1. Arising from the upgrade of TNB`s long-term issuer rating, TNB`s Al-Bai Bithaman Ajil Notes Issuance Facility [Tranche 1 (1997/2007) and Tranche 2 (1997/2012)] and Fixed Rate Unsecured Bonds (1998/2006) ...