Fitch Ratings has affirmed Indonesian VLCC owner Soechi Lines' credit rating as it seeks to refinance debt.

The long-term issuer default rating is held at B, with a stable outlook.

The company has 39 ships, including two VLCCs and four aframaxes.

Soechi's corporate secretary Paula Marlina Photo: Soechi

Last January, TradeWinds reported that Fitch had cut its rating to B from B+ as leverage rose.