Moody's withdraws Berau's ratings

(Singapore, April 20, 2016) -- Moody's Investors Service has withdrawn all ratings for P.T. Berau Coal Energy TBK (Berau), including the Caa2 corporate family rating and the Caa2 ratings on its senior secured bonds issued by Berau and Berau Capital Resources Pte. Ltd., which are guaranteed by Berau.

Moody's has withdrawn the rating because it believes it has insufficient or otherwise inadequate information to support the maintenance of the rating. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

The following ratings and outlooks were withdrawn:
..Issuer: Berau Coal Energy TBK (P.T.)
....Corporate Family Rating , Withdrawn, previously rated Caa2
....$500 million senior secured notes due 2017, Withdrawn, previously rated Caa2
....Outlook, Changed To Rating Withdrawn From Negative
..Issuer: Berau Capital Resources Pte. Ltd.
....$450 million senior secured notes due 2015, Withdrawn, previously rated Caa2
....Outlook, Changed To Rating Withdrawn From Negative.