Moody’s changes rating outlook for Indika to negative; B1 ratings affirmed

Moody’s Investors Service has changed the rating outlook for Indika Energy Tbk (P.T.) (Indika) to negative from stable. Concurrently, Moody’s affirmed Indika’s B1 corporate family rating (CFR) and the B1 ratings on the USD300 million notes due 2018 and USD500 million notes due 2023, issued by Indo Energy Finance B.V. and Indo Energy Finance II B.V., respectively. The entities are wholly owned subsidiaries of by Indika. The notes are unconditionally guaranteed by Indika.