Moody’s could cut MISC, Petronas LNG

Moody's Investors Service said it placed all ratings of MISC Bhd. and Petronas LNG Ltd. on review for downgrade.

The review follows the review for downgrade on the ratings of parent, Petroliam Nasional Bhd. (A1 review for downgrade) initiated on Jan. 22.

The review will primarily focus on the assessment of implications on parental support for the companies on the back of a deterioration of the parent's credit strength. The review will conclude following the completion of review on Petronas by end of the first quarter.

A downgrade of Petronas' ratings would likely result in a similar rating action on the ratings of Petronas LNG and could lower the level of support incorporated in the rating of MISC.

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