Fitch affirms Petronas

Fitch Ratings said it affirmed Petroliam Nasional Bhd.'s (Petronas) ratings at senior unsecured foreign currency A- and senior unsecured local currency A+. The outlook is stable.

Fitch said it also assigned a short-term rating of F2 to Petronas.

The ratings reflect Petronas' position as Malaysia's national oil and gas company as well as its favorable production-sharing contracts with international partners, integrated energy business and extremely robust financial profile, the agency said.

Petronas' ratings are constrained by Fitch's country ceiling of A- for Malaysia.

© 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.