Moody’s changes Petronas LNG view to negative

Moody's Investors Service said it changed Petronas LNG Ltd.'s outlook to negative from stable.

The agency said the action follows its decision to change to negative from stable the outlook of the company’s ultimate parent, Petroliam Nasional Bhd. (A1 negative).

Moody's also affirmed Petronas’ A3 foreign and local currency issuer ratings.

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

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

© 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.