Standard & Poor
PETALING JAYA: Sime Darby Bhd
’s delay in listing its auto unit, Sime Darby Motors Bhd, has partly contributed to the conglomerate being accorded a lower rating by Standard & Poor’s Ratings Services (S&P).
The rating agency said in a statement that it had lowered its long-term corporate credit rating on Sime Darby to A- from A, while the outlook was rated negative.
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