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28.05.2015 10:57:00
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TBG Global Pte. Ltd. -- Moody's affirms Tower Bersama's Ba2 rating and upgrades the bonds to Ba2; outlook negative
Singapore, May 28, 2015 -- Moody's Investors Service has affirmed Tower Bersama Infrastructure Tbk (P.T.)'s ("TBI") Ba2 corporate family rating (CFR). At the same time Moody's has upgraded the $300 million senior unsecured notes of TBG Global Pte. Ltd., a wholly-owned subsidiary of TBI, to Ba2 from Ba3. The notes are unconditionally and irrevocably guaranteed by TBI.
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