TEXT-Moody's release on PT Aneka Gas Industri

(The following statement was released by the ratings agency)

July 23 - PT Moody's Indonesia has assigned definitive National Scale Ratings of A3.id for PT Aneka Gas Industri's ("AGI") IDR 80 billion bond and IDR 160 billion sukuk ijarah due in 2013; the ratings have also been removed from their provisional status. The outlook for all the ratings is stable. The rating action follows AGI's successful issuance of the bond and sukuk ijarah.

Based in Jakarta, AGI has been operating in the industrial gas sector for almost a century. It produces and sells various industrial gas products, including basic and specialty gases as well as industrial gas-related hardware and services. AGI is a private company and a subsidiary of PT Aneka Mega Energi, which is owned by the Harsono family and is mainly engaged in the industrial gas business.

Moody's National Scale Ratings are not intended to be globally comparable. Moody's also emphasizes that its National Scale Ratings are not opinions on absolute default risk. In this respect, they are different to the Moody's Global Scale Ratings which have been assigned to Indonesian or other national institutions, and which do not carry the ".id" suffix.