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Moody's places Tenaga on review for upgrade
Published:  Aug 11, 2003 6:59 AM
Updated: Jan 29, 2008 10:21 AM

Moody's today said it has placed Tenaga Nasional under review for a possible ratings upgrade due to an improved operating performance by the power giant.

The ratings agency said a review of Tenaga's Baa3 senior unsecured rating was prompted by growth in demand for electricity, lower fuel costs and decreasing capital expenditure.

Tenaga's third-quarter results showed an improving operating profile, Moody's Investors Service said in a statement.


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