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-Rating Action: Moody's reviews Sime Darby Berhad's Baa1 ratings for downgrade

Feb 03, 2017 - ENP Newswire

Moody's Investors Service has placed on review for downgrade the Baa1 issuer rating of Sime Darby Berhad (Sime Darby) and Baa1 senior unsecured debt rating on the sukuk issued by Sime Darby Global Berhad - a wholly-owned and guaranteed subsidiary of Sime Darby - following the announcement by Sime Darby that it plans to list its Plantation and Property businesses.

At the same time, Moody's has placed on review for downgrade the (P)Baa1 rating on the senior unsecured medium-term note program...