Moody’s: Support for RSPO-compliant firms, Sime praised

PETALING JAYA: Oil palm planters, particularly companies which comply with tighter sustainability standards of the Roundtable on Sustainable Palm Oil (RSPO), will have better support in their credit profile ratings, according Moody’s Investors Service.

Three Moody’s-rated palm oil producers – Sime Darby Plantation Bhd (Baa1 stable), IOI Corp Bhd (Baa2 stable) and Indonesia’s Sawit Sumbermas Sarana Tbk PT (B1 stable) – are pursuing full RSPO certification and are unlikely be affected by the recent RSPO revised principles and criteria (P&C).