JAKARTA (AFX-ASIA) – Standard & Poor’s said it has raised its rating on Paiton Energy Funding B.V’s US$180 million senior secured bond to ‘CCC’ from ‘CC’ and given a positive outlook for the company. The bond is guaranteed by P.T. Paiton Energy Co. (Paiton), which owns and operates a 1,230 megawatt coal-fired power plant in…

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