24.11.2015 09:02:00

Indika Energy Tbk (P.T.) -- Moody's places Indika's B2 on review for downgrade

Singapore, November 24, 2015 -- Moody's Investors Service has placed the B2 corporate family rating (CFR) of Indika Energy Tbk (P.T.) (Indika) on review for downgrade. At the same time, Moody's placed the B2 ratings on the $300 million notes due 2018 and the $500 million notes due 2023, issued by Indo Energy Finance B.V. and Indo Energy Finance II B.V., respectively, on review for downgrade. The two issuers are wholly owned subsidiaries of Indika. The notes are unconditionally guaranteed by Indika.

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