The rating agency said the affirmed corporate credit rating was due to SD Plantation’s strong cash flow generating ability from its sizeable, geographically-diversified and integrated oil palm operations.
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed Sime Darby Plantation Bhd
’s (SD Plantation) corporate credit rating at AAA, and its perpetual subordinated sukuk programme (perpetual sukuk) of up to RM3bil at AAIS. The ratings outlook is stable.
The rating agency said the affirmed corporate credit rating was due to SD Plantation’s strong cash flow generating ability from its sizeable, geographically-diversified and integrated oil palm operations.
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