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".
TRENDING NOW
Eu Yan Sang family members sell Bishopsgate bungalow for S$40 million
Asia-Pacific aviation: is up really the only way?
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
Punggol East riverside plots totalling 25 hectares earmarked for housing, could yield over 8,000 new homes