ASEAN Scale Ratings On Malaysia And PETRONAS Raised

Stocks and Financial Services Press Releases Thursday June 7, 2012 16:11
SINGAPORE--7 Jun--Standard & Poor's

SINGAPORE (Standard & Poor's) June 7, 2012--Standard & Poor's Ratings Servicessaid today that it had raised its ASEAN regional scale rating on Malaysia to'axAAA/axA-1+' from 'axAA+/axA-1'. Standard & Poor's also raised its long-termASEAN scale rating on Malaysia-based oil and gas company Petroliam NasionalBhd. (PETRONAS) to 'axAAA' from 'axAA+'. These actions are a result of aslight recalibration at the top end of Standard & Poor's ASEAN rating scale.

At the same time, Standard & Poor's also affirmed its global scale ratings onMalaysia (foreign currency A-/Stable/A-2; local currency A/Stable/A-1) andPETRONAS (foreign currency A-/Stable/--; local currency A/Stable/--).

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