Moody’s affirms Petronas LNG

Moody's Investors Service said it affirmed the A3 foreign and local currency issuer ratings of Petronas LNG Ltd.

The outlook is stable.

"PLL's A3 ratings are positioned two notches below the A1 ratings of its ultimate parent, Petroliam Nasional Bhd. (Petronas),” Rachel Chua, Moody's assistant vice president and analyst, said in a news release.

“The top-down rating approach reflects PLL's full ownership by, and strong operational and financial integration with Petronas.

"Petronas has continued to demonstrate strong financial support to PLL through cash injections of almost $400 million over the past three years. In addition, PLL has also not paid any dividends since 2015."

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