Moody's rates Indika notes B1

Moody's Investors Service said it affirmed the B1 corporate family and guaranteed senior secured ratings of PT Indika Energy Tbk.

The outlook is stable.

At the same time, Moody's assigned a provisional B1 rating with a stable outlook to the proposed 10-year dollar-denominated senior notes to be issued by Indika's wholly owned subsidiary, Indo Energy Finance II BV.

The notes will be unconditionally guaranteed by Indika as well as by its wholly owned subsidiaries, PT Indika Inti Corpindo and the Tripatra Entities.

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