Foreign-Currency IDR Constrained by Country Ceiling: Notwithstanding government ownership, Fitch believes that PETRONAS's importance in generating foreign currency for Malaysia warrants a foreign currency rating at Malaysia's Country Ceiling (currently, one notch above the sovereign's Foreign-Currency IDR), provided however that actions by the government do not impair the company's currently strong stand-alone financial profile. Fitch revised the Outlook on PETRONAS's Foreign-Currency IDR to Negative from Stable in September 2012 due to sustained high financial commitments to the government, including subsidisation of gas prices via PETRONAS. The Outlook on Malaysia's Foreign- and Local-Currency IDRs was revised to Negative from Stable in July 2013.