Moody's may cut Agri International

Moody's Investors Service said it put on review for possible downgrade the B2 corporate family and senior secured bond rating of Agri International Resources Pte Ltd.

This action follows Moody's placement of Bakrie Sumatera Plantations Tbk's B2 corporate family rating on review for possible downgrade, Moody's said.

Bakrie Sumatera is the 100% off-taker of Agri International's crude palm oil and palm kernel and holds an effective 51% ownership of Agri International. The two ratings are closely linked to each other, the agency said.

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