Petroliam Nasional Bhd (Petronas) and a consortium led by Japan's JXTG Holdings Inc are among the companies interested in buying a stake in India's Bina oil refinery, a source close to the matter said.
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) emphasises that its strong fundamentals remain unchanged despite Moody’s Investors Service downgrading its credit ratings to A2 (stable) from A1 (negative).
“Petronas has consistently maintained a conservative financial policy and healthy net cash balance that enables the company to withstand volatility and shocks in the market,” it said in a statement late Friday.
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