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Summary: Tenaga Nasional Bhd. Jan 12
Standard & Poors, January 2012
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; axAA+/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/--; axAA+). 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.,CLP Power Hong Kong Ltd.,Electricity Generating Authority of Thailand,PT Perusahaan Listrik Negara (Persero)
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Tenaga Nasional Bhd.,CLP Power Hong Kong Ltd.,Electricity Generating Authority of Thailand,PT Perusahaan Listrik Negara (Persero)