Bangkok--2 Feb--Moody's Investors
Moody's Investors Service has withdrawn PT Energi Mega Persada Tbk's ('EMP') provisional (P)B3 corporate family rating, and the provisional (P)B3 rating on its proposed bonds.
RATINGS RATIONALE
Moody's Investors Service has withdrawn the credit ratings for its own business reasons. Please refer to Moody's Investors Service's Withdrawal Policy, which can be found on our website, www.moodys.com.
The last rating action with respect to EMP was on November 2, 2010, when the first-time (P)B3 ratings were assigned.
PT Energi Mega Persada Tbk is an independent oil & gas exploration and production company, with total proved reserves of around 113 million barrels of oil equivalent (boe) and daily production of 13.3 mboe in 1H10. Listed in Indonesia and headquartered in Jakarta, EMP is 25.84%-owned by PT Bakrie and Brother Tbk, with a public float of 72.18%.
REGULATORY DISCLOSURES
Moody's adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources Moody's considers to be reliable including, when appropriate, independent third-party sources. However, Moody's is not an auditor and cannot in every instance independently verify or validate information received in the rating process.
Please see ratings tab on the issuer/entity page on Moodys.com for the last rating action and the rating history.
The date on which some Credit Ratings were first released goes back to a time before Moody's Investors Service's Credit Ratings were fully digitized and accurate data may not be available. Consequently, Moody's Investors Service provides a date that it believes is the most reliable and accurate based on the information that is available to it.
Please see the ratings disclosure page on our website www.moodys.com for further information.
Please see the Credit Policy page on Moodys.com for the methodologies used in determining ratings, further information on the meaning of each rating category and the definition of default and recovery.
Hong Kong
Renee Lam
Vice President - Senior Analyst
Corporate Finance Group
Moody's Investors Service Hong Kong Ltd.
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077
Hong Kong
Gary Lau
MD - Corporate Finance
Corporate Finance Group
Moody's Investors Service Hong Kong Ltd.
JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077
Moody's Investors Service Hong Kong Ltd.
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JOURNALISTS: (852) 3758 -1350
SUBSCRIBERS: (852) 3551-3077