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TNB's issue rating lowered to 'BBB', with 'under criteria observation' designation removed

Mimi Sabreena 6:42:00 PM Informasi

KUALA LUMPUR (Oct 4): S&P Global Ratings is removing the 'under criteria observation' (UCO) designation and lowering the rating on Tenaga Nasional Bhd's (TNB) senior notes to 'BBB' from 'BBB+'.

The credit ratings provider said in a statement today the move follows the review of its senior unsecured issue-level rating for TNB after publishing its revised issue ratings criteria "Reflecting Subordination Risk In Corporate Issue Ratings" on Sept 21.

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