Bumi Resources Tbk (P.T.): Update following upgrade to B3
CORPORATES CREDIT OPINION 2 January 2018 Update RATINGS Bumi Resources Tbk (P.T.) Domicile Indonesia Long Term Rating B3 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Maisam Hasnain, CFA +65.6398.8325P.T. Bumi Resources is engaged in the exploration and exploitation of coal deposits (including coal mining and selling) and oil exploration. Co. mines and sells coal products through its subsidiaries, Kaltim Prima Coal and PT Arutmin Indonesia. Coal products are marketed internationally through Co.'s subsidiary, Enercorp Ltd. Co., through its subsidiary Gallo Oil (Jersey) Ltd. ("Gallo Oil"), also operates in two oil concessions in the Republic of Yemen, namely Block R2 (East Al Maber) and Block 13 (Al Armah). Gallo Oil holds a 40% working interest in Block R2 and controls a 100% working interest in Block 13.
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