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Published on 2/18/2005 in the Prospect News Emerging Markets Daily.

Moody's lifts Humpuss view to positive

Moody's Investors Service said it changed the outlook of Humpuss Funding Corp.'s B2 secured notes rating to positive from stable.

The rating action follows Moody's decision to change the outlook of Indonesia's B2 foreign currency sovereign ceiling for bonds to positive from stable.

The secured rating of Humpuss - a special-purpose entity whose debt is guaranteed by an affiliate, Cometco Shipping Inc. - reflects the relatively low operating risk of the Ekaputra, a large LNG tanker owned by Cometco.


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