Moody’s: Petronas and other Asian NOCs’ ratings well-positioned to withstand oil turmoil | Malay Mail

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KUALA LUMPUR, May 7 — The ratings of Asian national oil companies (NOCs), including Petronas, are well-positioned to withstand the drastically lower oil prices, underpinned by robust sovereign support, says an international credit rating firm. Moody’s Investors Service senior vice...

Thursday, 07 May 2020 03:25 PM MYT

Moody’s Investors Service senior vice president Vikas Halan said rating changes for Asian NOCs are likely to be small despite low oil prices straining their credit metrics. Those with large cash reserves, such as China National Petroleum Corporation and Petronas, could also protect their credit profiles from low oil prices for at least the next 12-18 months, Halan said.

 

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