19.03.2015 08:54:00
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Berau Coal Energy TBK (P.T.) -- Moody's: Proposed notes restructuring will improve Berau's liquidity profile
Singapore, March 19, 2015 -- Moody's Investors Service says Berau Coal Energy Tbk's (BCE, Caa1 review for downgrade) recently announced restructuring plan for its guaranteed senior secured notes due 2015 and 2017 will ease mounting refinancing pressure and improve its liquidity profile, and could therefore lead to moderate ratings upside, if approved. Current ratings remain unchanged and continue to be reviewed for downgrade, until the proposal is approved.