The Malaysian Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: February 2012
- Region: Malaysia
The rating on Tenaga Nasional Bhd. reflects our opinion of the company's very important role for, and strong link with, the government of Malaysia (foreign currency A-/Stable/A-2; local currency A+/Stable/A-1; axAAA/axA-1+). Tenaga plays a key role in the Malaysian economy as the sole transmitter and distributor of electricity. It is also the country's main power generator (53% of total generating capacity). Although this role comes at a cost to Tenaga by way of government-controlled tariffs, the company also has access to subsidized gas due to a supply contract with Petroliam Nasional Bhd. (PETRONAS; foreign currency A-/Stable/--; local currency A+/Stable/--; axAAA). Tenaga's significant financial risk profile, vulnerability to fuel cost increases and demand-side risks, and high generation overcapacity partly offset these...
Companies mentioned in this report are: Tenaga Nasional Bhd.
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Tenaga Nasional Bhd.