Moody's affirms Indosat

Moody's Investors Service said it has affirmed the Ba1 local currency corporate family rating of PT Indosat Tbk. and the Ba3 foreign currency senior unsecured bond rating of Indosat Finance Co. BV and Indosat International Finance Co. BV.

The bonds are irrevocably and unconditionally guaranteed by Indosat. The outlook remains positive.

Moody's said the upgrade of Indonesia's foreign currency sovereign rating to B1 from B2 does not have any impact on Indosat's ratings. Moody's further said any future upgrade of Indosat's foreign-currency bond rating will primarily be driven by an upgrade of its local currency rating.

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