S&P: Berlian Laju Tanker rating withdrawn at the company's request

(November 21, 2012) -- Standard & Poor's Ratings Services said that it had withdrawn its 'D' long-term corporate credit rating on Indonesia-based shipping company PT Berlian Laju Tanker Tbk. (BLT) at the company's request. We also withdrew the 'D' issue rating on the US$400 million senior unsecured notes due 2014 that BLT guarantees. BLT Finance B.V., a wholly owned subsidiary of BLT, issued the notes.

Prior to its withdrawal, the 'D' rating reflected the company's default on its financial obligations. (ends)