S&P changes Petronas view to negative

S&P said it revised the outlook on Petroliam Nasional Bhd. (Petronas) to negative from stable and affirmed the A long-term local currency and A- long-term foreign-currency issuer credit ratings.

Also, the agency affirmed the A- foreign currency issue ratings on the notes and sukuk trust certificates, the company either sold or guarantees.

The outlook revision follows a similar revision on Malaysia’s outlook on Friday, S&P said.

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