Oct 9, 2012 -
MARC has withdrawn its AAAID rating on Tenaga Nasional Berhad’s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 TNB is now limited to its RM2.0
billion Al-Bai’ Bithaman Ajil Bonds currently rated AAAID/stable.
Contacts:
Noor Izyani Saad, +603-2082 2256/ izyani@marc.com.my;
Jason Kok, +603-2082 2258/ jason@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.
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