BI/bursa
22/2/2011
Irvin Avriano A.
Bisnis Indonesia
Berlian Tanker bond upgraded to CCC
JAKARTA: PT Fitch Ratings Indonesia has upgraded shipping company PT Berlian Laju Tanker Tbk's bond rating from CC to CCC. The outlook rating also upgraded to stable from negative level.
Its long-term foreign and Local currency issuer default ratings (IDR) have been affirmed at B-, respectively. The senior unsecured global notes is issued by Berlian Tanker through its subsidiary, Berlian Tanker Finance BV, worth US$400 million and due to 2014.
