Moody’s: TNB may need to raise debt


KUALA LUMPUR: Tenaga Nasional Bhd may need to increase its debt to fund its working capital if the Government fails to offer an interim solution to share the burden of higher fuel costs.

Moody's Investors Service, in a special commentary yesterday, said the national utility company had estimated that it was incurring an extra RM300mil a month for an additional RM1.2bil in such costs in the fourth quarter of this year.

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