Moody’s Upgrades Indika to B1, Outlook Positive

Moody’s Investors Service has today upgraded the corporate family and senior secured ratings on PT Indika Energy Tbk. to B1 from B2. The outlook for the rating remains positive. Moody’s has also assigned a provisional (P)B1 rating with a positive outlook to the proposed seven-year senior notes, to be issued by Indo Energy Finance B.V. and unconditionally guaranteed by Indika, PT Indika Inti Corpindo, the Tripatra Entities and Indo Energy Capital B.V. The provisional status of the notes will be removed upon completion of the issuance.