Fitch rates Adaro Indonesia notes BB+

Fitch Ratings said it assigned a final issue rating of BB+ to the $800 million senior notes due Oct. 22, 2019 issued by PT Adaro Indonesia and guaranteed by its parent, PT Adaro Energy Tbk. Its foreign-currency and local-currency issuer default ratings are BB+.

The outlook is stable.

The action follows news of the completion of the notes issue and receipt of documents conforming to the information previously received. The final rating is the same as the expected ratings.

The ratings are supported by the company's large, low-cost operations, strong track record of growth, longstanding relationships with its leading customers and robust financials, Fitch said.

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