Moody’s rates Petronas Energy Canada notes A2

Moody's Investors Service said it assigned an A2 backed senior unsecured rating to proposed notes to be issued by Petronas Energy Canada Ltd. as a drawdown from its senior unsecured medium-term notes program.

The notes will be unconditionally and irrevocably guaranteed by Petronas on an unsubordinated basis.

“Petronas’ A2 ratings reflect its strong credit metrics and excellent liquidity, with a track record of maintaining a net cash position through the oil price cycle,” said Moody’s analyst Hui Ting Sim in a news release.

The outlook is stable.

© 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.