Investor Updates

4 August 2015

Fitch downgrades Indika to ‘B’; outlook negative

Fitch Ratings has downgraded the Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) of Indonesia-based Indika Energy Tbk (Indika) to ‘B’ from ‘B+’. The Outlook on the ratings remains Negative. Indika’s senior unsecured notes have also been downgraded to ‘B’ from ‘B+’, with a Recovery Rating of ‘RR4’.

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