Moody's affirms Petronas's A1 rating, stable outlook
KUALA LUMPUR (Aug 20): The outlook for Petroliam Nasional Bhd (Petronas) is stable as the national oil company is expected to maintain its strong credit profile over the next 12 to 24 months, according to Moody's Investors Service.
In a statement today, Moody's affirmed the A1 domestic issuer and foreign currency senior unsecured ratings of Petronas.
Carrying out a threat that’s been in the works since July, U.S. President Donald Trump today formally announced the imposition of tariffs on an additional roughly $200 billion in Chinese goods — the latest escalation in his trade war with China. But the tariffs notably omit one category of products that was expected to create […]