Fitch rates PT Pertamina Persero's proposed notes 'BB+(EXP)'

(Fitch Ratings-Sydney/Jakarta/Singapore-09 May 2011)--Fitch Ratings has assigned Indonesian national oil company PT Pertamina Persero's (Pertamina) proposed USD senior unsecured notes (notes) an expected rating of 'BB+(EXP)'. The final rating of the notes is contingent upon the receipt of final documents conforming to information already received.

This follows Fitch's assignment of a 'BB+' Long-Term Foreign-Currency Issuer Default Rating with a Positive Outlook to Pertamina (for more information please refer to the rating action commentary, entitled "Fitch Rates PT Pertamina (Persero) 'BB+'; Outlook Positive", dated 3 May 2011). (ends)