MARC has assigned a final rating of AAAIS to TNB Western Energy Berhad's (TNB Western Energy) Sukuk issuance of up to MYR 4.0 billion with a stable outlook. Upon review of the final documentation of the forthcoming Sukuk issuance, MARC is satisfied that the terms and conditions of the Sukuk have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was based.
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