Thursday 28 Mar 2024
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KUALA LUMPUR (July 30): Petroliam Nasional Bhd (Petronas) five-year senior credit default swap (CDS) tightened 9 basis points (bps) to 77 bps, the most since June
13, 2017 according to data provider CMA. 

The CDS market implied default probability over the next five years is now 6.2%.

* Petronas has RM65.4 billion in bonds and loans outstanding, including RM54 billion of unsecured debt and RM6.82 billion of secured debt.

* The company has an A1 long-term rating from Moody's, an A long-term local currency rank from Standard & Poor's and an A-long-term rating from Fitch.


 

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