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S&P lowers rating on Bumi's US$700m notes

Wednesday, November 12, 2014 - 05:50

Singapore

STANDARD & Poor's Ratings Services has lowered its long-term issue rating on the US$700 million senior secured notes guaranteed by Indonesia-based coal mining firm PT Bumi Resources to 'D', owing to a missed interest payment. But S&P removed the rating from CreditWatch,

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