PM believes Moody's downgrade won't affect Petronas

The recent downgrade on the outlook of Petroliam Nasional Bhd by Moody's Investors Service will not affect the company, says Prime Minister Dr Mahathir Mohamad.

"I am confident the downgrade will not affect progress in Petronas," he told reporters on the sidelines at the Asia Oil and Gas Conference in Kuala Lumpur today...