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Moody Downgrades Petronas' Ratings

25-Jun-19 07:15

Moody Downgrades Petronas' Ratings

00:35 - Moody cites close credit linkages between Petronas and the Malaysian government as its reasoning behind why it cut rates by 1 notch. However its upgraded its outlook for the national oil corporation to stable.

4:43 - Meanwhile, Christine Lagarde, managing director of the IMF, says Malaysia is on the right track towards institutional reforms, managing government debt and tackling corruption, but more needs to be done.

Presented by: Lyn Mak, Julian Ng, Shou Ning Wong


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Tags:  PetronasRate CutsMoodyMahathirIMFChristine LagardeCorruptionInfrastructureGovernment/Regulatory/Policy MakingEconomy, Markets


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