Moody Downgrades Petronas' Ratings

00:35 - Moody cites close credit linkages between Petronas and the Malaysian government as its reasoning behind why it cut rates by 1 notch. However its upgraded its outlook for the national oil corporation to stable.

4:43 - Meanwhile, Christine Lagarde, managing director of the IMF, says Malaysia is on the right track towards institutional reforms, managing government debt and tackling corruption, but more needs to be done.