1945 - 2022

Dr. HC. Ir. H. Arifin Panigoro bin Yusuf Panigoro

Medco Group Founder

It is with heavy heart that we announce the passing of our Company's Founder. He was a prominent and visionary figure of inspiration to us and to the Company. Not only he was passionate in what he did, he was also a dedicated man of honor to the nation and the country. May his legacy always live in the Company's soul and activities.

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Login | Tuesday, 26 September 2023 |

FITCH Upgrades MedcoEnergi's Rating Outlook

Media Release


FITCH Upgrades MedcoEnergi's Rating Outlook

Jakarta, 19 July 2018 – Fitch Ratings today affirmed PT Medco Energi Internasional Tbk’s ("MedcoEnergi" or the "Company") as B issuer rating but revised their outlook from to Positive from Stable. The rating outlook was revised due to the rating agency’s expectations of an improvement in MedcoEnergi's financial profile, driven by strong oil and gas prices. This revised rating outlook follows a similar revision to Positive by Moody’s in January this year.

Roberto Lorato, Director and CEO of PT Medco Energi Internasional Tbk said "We are grateful for the outlook upgrade. The revision reflects the Company’s consistent delivery on its commitments. We are continuing to pay attention to cost efficiency and deleveraging in this strong commodity price environment.”