KUALA LUMPUR: Moody’s Investors Service expects IOI Corporation Bhd’s leverage to decline due to stronger earnings growth amid high crude palm oil (CPO) prices and debt reduction.
In its report on Monday, it expects IOI's adjusted leverage -- as measured by adjusted debt/earnings before interest, tax, depreciation and amortisation (Ebitda) -- to decline to around 2.5 times over the next 12-18 months from 3.3 times for the fiscal year ended June 2021.
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