Petronas LNG may have its credit rating downgraded as Moody’s puts it on review.
The ratings agency says the deterioration of the parent company’s credit strength is the reason for a review.
Due in large part to the slumping price of LNG on global markets Petronas, is taking a beating, and has less cash to service its debt.
That increases its risk in Moody’s eyes.
Petronas LNG is a subsidiary of parent company Petronas.
Petronas leads the Pacific NorthWest LNG consortium proposing to build an eleven billion-dollar LNG facility on Lelu Island South of Prince Rupert.