Moody's withdraws Geo Energy's rating
Friday, June 3 2022 - 02:13 PM WIB
(Singapore, June 02, 2022) -- Moody's Investors Service has withdrawn the B3 corporate family rating (CFR) of Geo Energy Resources Limited.
The outlook at the time of the withdrawal was stable. The company currently has no rated debt.
RATINGS RATIONALE
Moody's has decided to withdraw the rating for its own business reasons. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, https://ratings.moodys.com.
COMPANY PROFILE
Established in 2008 and listed on the Singapore Stock Exchange in 2012, Geo Energy Resources Limited is a coal mining group with mining concessions in South and East Kalimantan. Its promoter shareholders, including Charles Antonny Melati and Huang She Thong, own around 39% of the company. (ends)