Moody’s affirms Telekom Malaysia’s A3 ratings with a stable outlook

Moody’s Investors Service has affirmed Telekom Malaysia Bhd (TM)’s A3 issuer and senior unsecured rating, as well as the (P) A3 rating on TM’s wholly-owned finance subsidiary Tulip Maple Bhd’s US$750 million senior unsecured multi-currency sukuk issuance programme.

The outlook on both ratings is stable, the rating agency said in a statement, adding it has also affirmed TM's Baseline Credit Assessment (BCA) of baa1.

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