Moody's rates Indika Energy notes B2

Moody's Investors Service said it assigned its B2 rating for the seven-year, 9 ¾%, $230 million guaranteed senior notes issued by Indo Integrated Energy II BV and guaranteed by its parent PT Indika Energy Tbk. The bond rating has been removed from its provisional status following the completion of the bond issue.

The outlook is positive.

The ratings reflect the business risk and competitive position of the company versus others within its industry, Moody's said.

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