MARC Ratings assigns preliminary rating of AAAIS to TNB Power Generation’s proposed sukuk programme
MARC Ratings has assigned a preliminary rating of AAAIS to TNB Power Generation Sdn Bhd’s (TPGSB) proposed sukuk programme of up to RM10.0 billion. The rating carries a stable outlook. Commencing operations on October 1, 2020, TPGSB was incorporated to assume the generation assets and liabilities of its parent Tenaga Nasional Berhad (TNB) under a …