S&P Ratiings said it lowered to 'B-' from 'B+' the long-term issuer credit rating on Serba Dinamik and the long-term issue ratings on the company's guaranteed sukuks.
KUALA LUMPUR: S&P Global Ratings has downgraded Serba Dinamik
Bhd’s credit rating on reduced funding access and put it on credit watch negative on rising refinancing risks.
It faces heightened refinancing risk of its US dollar-denominated RM900mil Sukuk due May 2022 because of weakened market access due to a pending special independent review.
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