Oil giant Petronas will continue to suffer due to the crude oil price decline, said Moody’s Investors Service.

The credit rating agency’s senior credit officer, Vikas Halan, said oil prices are likely to stay between US$30 (RM120) and US$40 (RM160) in the next three years.

Companies with revenues which are tied to crude oil prices will therefore be most affected, he said in a media rountable with journalists in Kuala Lumpur today.