Moody's withdraws Adaro's Ba1 corporate family rating

(December 02, 2014)-- Moody's Investors Service has withdrawn PT Adaro Indonesia's (Adaro) Ba1 corporate family rating with a stable outlook.

Moody's has withdrawn the rating for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

Adaro is one of the largest single-site coal producers in the southern hemisphere and one of the world's largest sub-bituminous coal companies. The four largest destinations of Adaro's coal are Indonesia, India, China, and Japan.

Adaro is wholly owned by PT Adaro Energy Tbk (Adaro Energy), an integrated energy group listed on the Indonesia Stock Exchange. (ends)