Moody's withdraws Medco's B2 corporate family rating
Wednesday, January 28 2015 - 03:29 PM WIB
(Singapore, January 28, 2015)-- Moody's Investors Service, ("Moody's") has withdrawn the B2 corporate family rating of Medco Energi Internasional Tbk (P.T.) (Medco). The rating outlook is stable at the time of its withdrawal.
Moody's has withdrawn the rating for its own business reasons.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.
Established in 1980 and headquartered in Jakarta, Medco is predominantly an oil and gas exploration and production (E&P) company with additional operations in downstream oil and gas activities, power generation and coal mining. (ends)
