Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenaga Nasional Bhd. > News item |
Fitch affirms Tenaga
Fitch Ratings said it affirmed the BBB- senior unsecured foreign currency and local currency ratings and the F3 short-term rating of Tenaga Nasional Bhd.
The outlook is stable.
Fitch said the ratings reflect Tenaga's role as the dominant utility in Malaysia positioned to benefit from the country's healthy economic growth, which Fitch expects to reach more than 5% during 2004 and 2005. Fitch noted that strong power demand has driven Tenaga's revenues to grow at over 7% for three straight years while the company's EBITDA margins improved modestly from 29% in fiscal 2002 to over 30% in each of the last two years.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.