Malaysian Rating Corporation (MARC) has affirmed its AAA rating on TNB Northern Energy Bhd’s sukuk of RM1.625bil with a stable outlook.
It said on Wednesday the rating and outlook were equalised with those of TNB Northern Energy’s ultimate parent Tenaga Nasional Bhd (TNB), on which MARC has a senior unsecured rating of AAA/Stable.
MARC said the rating equalisation was based on TNB’s commitment in the form of an unconditional and irrevocable project completion support guarantee and post-completion rolling guarantee in favour of sukukholders.
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It said on Wednesday the rating and outlook were equalised with those of TNB Northern Energy’s ultimate parent Tenaga Nasional Bhd (TNB), on which MARC has a senior unsecured rating of AAA/Stable.
MARC said the rating equalisation was based on TNB’s commitment in the form of an unconditional and irrevocable project completion support guarantee and post-completion rolling guarantee in favour of sukukholders.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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