Author Topic: MARC affirms AAA rating on TNB Northern Energy’s RM1.6bil sukuk  (Read 423 times)

Offline ruthlim

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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.