Moody's rates Petronas notes A1

Moody's Investors Service said it assigned definitive A1 ratings to the $750 million 3.125% senior notes due 2022, $1.5 billion 3.5% senior notes due 2025 and $1.5 billion 4.5% senior notes due 2045 issued by Petronas Capital Ltd. and guaranteed by Petroliam Nasional Bhd. (A1/stable).

Moody's also assigned a definitive A1 rating to Petronas' $1.25 billion 2.707% sukuk transaction due 2020 issued through Petronas Global Sukuk Ltd.

The outlook is stable.

The proceeds from the notes and sukuk will be used to finance capital expenditures and for general corporate purposes.

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