A Moody's senior vice president Vikas Halan said the rating affirmation reflects Moody’s expectation that Petronas’ credit metrics will continue to support its BCA and ratings despite the current low oil price environment.
KUALA LUMPUR: Moody's Investors Service has affirmed the A2 domestic currency issuer and foreign currency senior unsecured ratings of Petroliam Nasional Bhd.
In a statement issued late Monday, the ratings agency also affirmed: (1) the a2 baseline credit assessment (BCA) of Petronas; (2) A2 rating on the senior unsecured notes issued by Petronas Capital Ltd and guaranteed by Petronas; and (3) (P)A2 senior unsecured rating on the $15 billion medium-term note (MTN) programme set up by Petronas Capital Ltd and guaranteed by Petronas.
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