Moody's affirms Petronas

Moody's Investors Service said it affirmed the A1 rating assigned to the $1.5 billion sukuk Al-Ijara transaction of Petroliam Nasional Bhd. (Petronas) issued through Petronas Global Sukuk Ltd.

Moody's also said it affirmed the A1 rating to the $3 billion bonds issued by Petronas Capital Ltd., unconditionally and irrevocably guaranteed by Petronas. Both ratings were removed from their provisional status.

The outlook is stable.

The ratings are affirmed pursuant to completion of both issuances and receipt of final documents, the agency said.

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