Hong Kong, December 17, 2015 -- Moody's Investors Service has downgraded to B2 from B1 the corporate family rating (CFR) of P.T. MNC Investama Tbk. (BHIT) and to B3 from B2 the bond rating of the USD365 million senior secured notes issued by its wholly owned subsidiary Ottawa Holdings Pte. Ltd., and guaranteed by BHIT.

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