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Fitch revises Indika’s outlook to negative; affirms at ‘B+’
Berita Investor | Juli 22 2014

Fitch revises Indika’s outlook to negative; affirms at ‘B+’

Fitch Ratings has revised Indonesia-based Indika Energy Tbk’s (Indika) Outlook to Negative from Stable. At the same time the agency has affirmed Indika’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘B+’. Indika’s senior unsecured notes have also been affirmed at ‘B+’ with a Recovery Rating of ‘RR4’.

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Moody’s changes rating outlook for Indika to negative; B1 ratings affirmed
Berita Investor | Mei 22 2014

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 […]

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Moody’s: Weak coal price weighs on Indika’s FY2013 earnings
Berita Investor | April 2 2014

Moody’s: Weak coal price weighs on Indika’s FY2013 earnings

Moody’s Investors Service commented that PT Indika Energy Tbk’s (Indika) full-year 2013 earnings decline was driven by a weak coal pricing environment, but remains broadly in line with expectations. There is no immediate impact on the company’s B1 corporate family rating due in large part to Indika’s commitment to prudent balance sheet and liquidity management.

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Tripatra – Consortium Signs the First Deepwater Development Project in Indonesia
Berita Investor | Februari 28 2014

Tripatra – Consortium Signs the First Deepwater Development Project in Indonesia

A consortium between PT Tripatra Engineers & Constructors (“Tripatra”), a subsidiary of PT Indika Energy Tbk. (“Indika Energy”), PT Saipem Indonesia, PT Chiyoda International Indonesia and Hyundai Heavy Industries Co. Ltd., have signed a US$1.1 billion contract from ENI Muara Bakau BV., for the development of a new Floating Production Unit (FPU) in the Jangkrik […]

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