|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Tenaga Nasional's Dividend Policy Not Expected To Affect Rating Apr 07
Standard & Poors, April 2007
Abstract
SINGAPORE (Standard & Poor's) April 17, 2007--Standard & Poor's Ratings Services said today that Tenaga Nasional Bhd.'s (Tenaga; BBB/Stable/--) recent announcement of a new dividend policy, in itself, is not expected to result in a material weakening of its financial profile in the near to medium term. The policy is therefore not expected to have an impact on the rating. Nonetheless, Standard & Poor's remains cautious on Tenaga's aggressive financial profile, which does not leave substantial room for further weakening in its credit-protection ratios, without resulting in downward pressure on its ratings. Some of the initial concerns on the impact of the policy are also mitigated by Tenaga's improved profitability and liquidity position. For the half year ended February 2007,...
Companies mentioned in this report are: Tenaga Nasional Bhd.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
