Moody's upgrades Tenaga to A3; outlook positive

-A +A

KUALA LUMPUR (Dec 2): Moody's Investors Service has upgraded its senior unsecured bond ratings of Tenaga Nasional Berhad and TNB Capital (L) Ltd to A3 from Baa1.

At the same time, Tenaga's baseline credit assessment (BCA) was raised to baa2 from baa3.

In a statement Tuesday, Moody’s said the outlook for the ratings was revised to positive from stable.