Fitch downgrades Petronas IDRs


  • Business
  • Thursday, 28 Jul 2016

PETALING JAYA: Fitch Ratings has downgraded Petroliam Nasional Bhd’s (Petronas) long-term foreign- and local-currency issuer default ratings (IDRs) to A- from A.

The international ratings agency affirmed its short-term foreign-currency IDR at F1 yesterday. The outlook on the long-term IDRs is stable.

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