| RAM Ratings has reaffirmed the AAA long-term rating of Tenaga Nasional Berhad's ("TNB" or "the Group") USD500 million equivalent Murabahah Medium-Term Notes Programme (2005/2025); the long-term rating has a stable outlook.
Based on RAM's methodology on government-linked entities, there is a very high likelihood of extraordinary government support for TNB in the event of financial distress, given the Group's strategic role as the national electricity company...........................................Full Article: Source
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