'I am confident downgrade will not affect Petronas
- 5 years ago
The recent downgrade on the outlook of Petroliam Nasional Bhd by Moody's Investors Service will not affect the company, says Prime Minister Dr Mahathir Mohamad.
In a statement last Friday, Moody's said it downgraded Petronas to A2 from A1 but changed the outlook to "stable" from "negative".
The rating agency said the national oil company's credit metrics remained strong but the lower ratings were due to its revised cross-sector methodology.
In a statement last Friday, Moody's said it downgraded Petronas to A2 from A1 but changed the outlook to "stable" from "negative".
The rating agency said the national oil company's credit metrics remained strong but the lower ratings were due to its revised cross-sector methodology.