22 May 2014
Moody’s Investors Service has changed the rating outlook for Indika Energy Tbk (P.T.) (Indika) to negative from stable. Concurrently, Moody’s affirmed Indika’s B1 corporate family rating (CFR) and the B1 ratings on the USD300 million notes due 2018 and USD500 million notes due 2023, issued by Indo Energy Finance B.V. and Indo Energy Finance II B.V., respectively. The entities are wholly owned subsidiaries of by Indika. The notes are unconditionally guaranteed by Indika.
30 Apr 2014
PT Indika Energy Tbk reported its unaudited consolidated financial statements for the three-month period ended March 31, 2014.
2 Apr 2014
Moody’s Investors Service commented that PT Indika Energy Tbk’s (Indika) full-year 2013 earnings decline was driven by a weak coal pricing environment, but remains broadly in line with expectations. There is no immediate impact on the company’s B1 corporate family rating due in large part to Indika’s commitment to prudent balance sheet and liquidity management.
27 Mar 2014
Higher operating profit offset by a decline in earnings from associated companies and one-off exceptional charges
28 Feb 2014
A consortium between PT Tripatra Engineers & Constructors (“Tripatra”), a subsidiary of PT Indika Energy Tbk. (“Indika Energy”), PT Saipem Indonesia, PT Chiyoda International Indonesia and Hyundai Heavy Industries Co. Ltd., have signed a US$1.1 billion contract from ENI Muara Bakau BV., for the development of a new Floating Production Unit (FPU) in the Jangkrik Complex, Muara Bakau permit area, Makassar Strait, offshore of Kalimantan.