Moody's affirms Davomas

Moody's Investors Service said it affirmed the B2 foreign currency rating for Davomas International Finance Co. Pte Ltd.'s $125 million senior secured notes due 2011 and removed the rating from its provisional status.

At the same time, Moody's said it said it said it said it said it said it said it said it said it said it said it said it said it said it has affirmed its B2 corporate family rating for PT Davomas Abadi Tbk.

This rating action follows the completion of the issuances of the notes and the subsequent repayment of all outstanding secured debts, the agency noted.

The outlook is stable.

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