Rating Agency Malaysia said it has reaffirmed the long-term structured rating of AA1(s) assigned to both Tenaga Nasional Berhad’s (TNB) RM1 billion and RM500 million Repackaged Tenaga Income Securities (Repackaged TIS). Tenaga is Malaysia’s largest power company. The 2 issues are similar in terms of structure: the RM1 billion Repackaged TIS comprises the bond principal…

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