Wednesday, October 10, 2012

MARC WITHDRAWS RATING ON TENAGA NASIONAL BERHAD’S RM1.0 BILLION AL-BAI’ BITHAMAN AJIL NOTES ISSUANCE FACILITY



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MARC has withdrawn its AAAID rating on Tenaga Nasional Berhad’s (TNB) RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility with immediate effect following the redemption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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