Moody's lowers outlook on Sime Darby Plantation

Moody's Investors Service revised downwards the outlook on Sime Darby Plantation Bhd (SDP) from stable to negative on concerns that its credit metrics would remain weak over the next six to 12 months.

KUALA LUMPUR: Moody's Investors Service revised downwards the outlook on Sime Darby Plantation Bhd (SDP) from stable to negative on concerns that its credit metrics would remain weak over the next six to 12 months.

The rating agency said on Wednesday it affirmed the (P)Baa1 rating on the US$1.5bil senior unsecured medium-term note programme of its unit, Sime Darby Global Bhd, and the Baa1 backed senior unsecured debt rating on the sukuk issued by Sime Darby Global.