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Petronas' negative outlook not a downgrade -- Tony Pua

Last update: 09/11/2018
 
KUALA LUMPUR, Nov 9 (Bernama) -- Moody’s Investor Service’s affirmation on Petronas’ outlook from stable to negative yesterday was not a downgrade, said Political Secretary to the Minister of Finance, Tony Pua.

Describing it as unfortunate, he said it was not a downgrade yet, just a negative outlook.

"The statement by the credit ratings agency is that if the government continues to take money like that (one-off special dividend payment) from Petronas (year after year), then it will be downgraded.
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