Moody's assigns provisional (P)Ba1 rating on Pertamina bonds

Bisnis.com,20 Mei 2011, 06:47 WIB

JAKARTA: Moody's Investors Service has assigned a provisional (P)Ba1 rating to the 30-year US$ bonds to be issued by PT Pertamina (Persero). The outlook on the rating is stable.Moody's will remove the bond rating's provisional status upon completion of the issuance and satisfactory review of the final documentation. The bond proceeds will be used for financing capital expenditures and for general corporate purposes. Citigroup, HSBC and Credit Suisse acted as joint bookrunners in the transaction. (wiw)

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