Moody's withdraws Maxpower Group Pte Ltd's rating
Wednesday, July 1 2015 - 01:55 AM WIB
(Hong Kong, June 30, 2015) -- Moody's Investors Service has withdrawn Maxpower Group Pte Ltd.'s provisional (P)B1 corporate family rating.
At the same time, Moody's has withdrawn its provisional (P)B1 rating for the proposed USD senior secured notes to be issued by the special purpose vehicle, Maxpower Group Issuer Pte Ltd, and guaranteed by Maxpower Group.
Maxpower Group Pte Ltd is a niche market player in Indonesia's power industry. The company focuses on the gas-fired distributed power segment.
Maxpower Group Issuer Pte Ltd is Maxpower Group's wholly owned special purpose vehicle, which was established for the purpose of issuing the proposed notes. (ends)