Fitch revises Petronas view to negative

Fitch Ratings said it revised the outlook on Petroliam Nasional Bhd.’s (Petronas) to negative from stable and affirmed the long-term foreign- and local-currency issuer default ratings at A-. At the same time, Fitch affirmed the company’s foreign-currency senior unsecured rating and the rating on debt issued by subsidiary Petronas Capital Ltd. and guaranteed by Petronas at A-.

The rating actions follow Fitch’s revision of the outlook on Malaysia to negative from stable on April 9.

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