Moody's: No change for Indika Energy

Moody's Investors Service said it sees no immediate impact on PT Indika Energy Tbk's B2 corporate family rating and the senior secured bond issued by Indo Integrated Energy BV and guaranteed by Indika as a result of the recently announced consent solicitation.

The outlook is stable.

For the time being, Moody's said it does not foresee any material adverse impact on operating or financial metrics as a result of the proposed amendment to the bond indenture.

The amendment paves the way for Indika to look for investment opportunities, which will provide synergies with its existing business, the agency said.

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