Those with large cash reserves, such as China National Petroleum Corp and Petronas, could also protect their credit profiles from low oil prices for at least the next 12 to 18 months.
KUALA LUMPUR: The ratings of Asian national oil companies (NOCs), including Petroliam Nasional Bhd (Petronas), are well positioned to withstand the drastically lower oil prices, underpinned by robust sovereign support, says an international credit rating firm.
Moody’s Investors Service senior vice-president Vikas Halan said rating changes for Asian NOCs are likely to be small despite low oil prices straining their credit metrics.
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