Moody's assigns definitive Baa3 to Pertamina's notes

(Singapore, June 20, 2014) -- Moody's Investors Service has assigned a definitive Baa3 rating to the USD1.5 billion 6.45% senior unsecured notes due 2044 issued by Pertamina (Persero) (P.T.).

The outlook on the rating is stable.

Moody's definitive rating on this debt obligation confirms the provisional rating of (P)Baa3 assigned on 22 May 2014. Moody's rating rationale was set out in a press release issued on that date.

The principal methodology used in this rating was the Global Integrated Oil & Gas Industry published in April 2014 and Government-Related Issuers: Methodology Update published in July 2010. Please see the Credit Policy page on www.moodys.com for a copy of these methodologies.

PT Pertamina (Persero) is a 100% Indonesian government-owned, fully-integrated oil and gas corporation, with operations in upstream oil, gas and geothermal exploration and production, downstream oil refining, marketing, distribution, transportation and trading of petroleum products. (ends)