KUALA LUMPUR: Moody’s Investors Service has downgraded Petroliam Nasional Bhd’s (Petronas) domestic issuer and foreign currency senior unsecured ratings to A2 from A1 as well as changed the outlook to “stable” from “negative”.
In a statement, the global rating agency said the national oil company’s credit metrics remain strong but the lower ratings were due its revised cross-sector methodology.
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