PETALING JAYA: Ratings agencies Fitch Ratings and Moody’s Investors Service say Petroliam Nasional Bhd’s (Petronas) proposed acquisition of Canadian firm Progress Energy Corp via subsidiary Petronas Carigali Ltd will not affect the national oil corporation’s ability to meet its debt obligations.
In a statement, Fitch said that Petronas’ proposed acquisition of Progress Energy would not have an immediate impact on its ratings.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!