Tenaga Nasional Berhad: Update to credit analysis
Our credit view of TNB reflects its moderate financial profile, against its moderate exposure to Malaysia's evolving carbon transition plans.Tenaga Nasional is an electricity utility operating primarily in Malaysia. Co. and its subsidiaries are primarily involved in the business of the generation, transmission, distribution and sales of electricity. Co. and its subsidiaries provide electricity for all residents of Peninsular Malaysia, Sabah and Labuan. Through its subsidiaries, Co. is also involved in energy-related operations such as the manufacture of transformers, high-voltage switchgears and cables; the provision of professional consultancy services; architectural, civil, electrical engineering works and services; and repair and maintenance.
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