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Prospect News home > News index > List of issuers P > Headlines for PGN (PT Perusahaan Gas Negara) > News item
Published on 2/27/2006 in the Prospect News Emerging Markets Daily.

Moody's may upgrade PGN bonds

Moody's Investors Service said it placed the B1 foreign currency debt rating of PGN Euro Finance 2003 Ltd., which is guaranteed by PT Perusahaan Gas Negara ("PGN"), on review for possible upgrade following the placement of Indonesia's B2 foreign currency sovereign rating for bonds on review for possible upgrade.

PGN is 61% owned by the Indonesian government. The company's Ba2 corporate family rating was affirmed with a stable outlook.


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