Fitch gives Star Energy notes B+

Fitch Ratings said it assigned Star Energy Geothermal (Wayang Windu) Ltd.'s $350 million seven-year senior secured 6 1/8% notes a final rating of B+ with a recovery rating of RR4.

Fitch said the final rating is in line with the expected rating assigned on March 10 and follows a review of final documentation materially conforming to the draft documentation previously reviewed.

The notes are rated at the same level as Star Energy's issuer default rating of B+, as they constitute direct, unconditional and senior secured obligations of the company.

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