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Moody's withdraws Hibiscus Petroleum's provisional rating

Rating Action: Moody's withdraws Hibiscus Petroleum's provisional rating. Global Credit Research- 01 Mar 2022. Singapore, March 01, 2022-- Moody's Investors Service has withdrawn the provisional B1 corporate family rating of Hibiscus Petroleum Berhad.

Hibiscus Petroleum and Medco Energi: Peer comparison - Hibiscus' credi...

Both companies are acquisitive but Hibiscus' stronger credit metrics reflect its better capacity for debt-funded growth. Medco's production scale and geographic diversification are better.

Hibiscus Petroleum Berhad: New issuer

Our credit view of Hibiscus reflects its strong credit metrics following the acquisition, against its small scale, geographic concentration and high exposure to oil price volatility.

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