Fitch revises Geo Energy's rating back to 'CC' after failed bond tender offer

Singapore

FITCH Ratings has revised Indonesian coal miner Geo Energy Resources' long-term issuer default rating to "CC" from "C".

It also changed the rating on the outstanding senior unsecured guaranteed notes of the company's subsidiary, Geo Coal International, back to "CC", from "C", with a recovery rating of "RR4".