Singapore, December 14, 2015 -- Moody's Investors Service has downgraded the corporate family rating (CFR) of Indika Energy Tbk (P.T.) (Indika) and the ratings on the $300 million notes due 2018, issued by Indo Energy Finance B.V. and the $500 million notes due 2023, issued by Indo Energy Finance II B.V. to B3 from B2.

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