MARC affirms rating on TNB Western Energy's RM4b sukuk

The rating was equalised to its parent Tenaga Nasional Bhd’s (TNB) corporate credit rating of AAA/stable.

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) affirmed its AAAIS rating on TNB Western Energy Bhd’s sukuk of up to RM4bil. The rating carries a stable outlook.

It said on Wednesday the rating was equalised to its parent Tenaga Nasional Bhd’s (TNB) corporate credit rating of AAA/stable.