Moody's changes PTT Exploration view to stable

Moody's Investors Service said it changed the outlooks on PTT Exploration & Production PCL, PTTEP Canada International Finance Ltd. and PTTEP Treasury Center Co. Ltd. to stable from positive.

At the same time, Moody's affirmed PTTEP's Baa1 issuer ratings, the Baa1 rating on the backed senior unsecured notes issued by PTTEP Canada, the Baa1 rating on the backed senior unsecured notes issued by PTTEP TCC and the Baa3 rating on the backed subordinated perpetual capital securities issued by PTTEP TCC. The senior unsecured notes and subordinated perpetual capital securities are fully and unconditionally guaranteed by PTTEP.

The rating action follows the affirmation of the Baa1 ratings of PTTEP's parent, PTT PCL, and the change in its outlook to stable from positive on Wednesday, the agency said.

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