Moody’s rates Petronas Energy notes A2

Moody’s Investors Service said it assigned an A2 rating to Petronas Energy Canada Ltd.’s planned notes. Petronas is a subsidiary of Petroliam Nasional Bhd., which will guarantee the notes.

“Petronas’ A2 ratings reflect its strong credit metrics and excellent liquidity, with a track record of maintaining a net cash position through the oil price cycle,” said Hui Ting Sim, a Moody’s analyst, in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.