Rating action     MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA with a stable outlook. The rating agency has concurrently affirmed its AAIS /Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion.Rationale     The affirmed ratings are driven by SD Plantation...

MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA with a stable outlook. Concurrently, the rating agency has affirmed its AAIS /Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion. SD Plantation’s sizeable, geographically-diversified and integrated palm oil operations remain k...

MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The ratings outlook is stable. The affirmed corporate credit rating is driven by SD Plantation’s strong cash flow generating ability from its sizeable, geographically-diversified and integrated oi...

MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and accordingly affirmed its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AA IS . The ratings outlook is stable. SD Plantation benefits from a one-notch rating uplift for implicit support from major shareholder Permodalan Nasional Berhad (PNB), a government-linke...

MARC has assigned a corporate credit rating of AAA to Sime Darby Plantation Sdn Bhd (SDP) and concurrently assigned a final rating of AAIS to SDP’s Perpetual Subordinated Sukuk Programme of up to RM3.0 billion (Perpetual Sukuk). The outlook on the ratings is stable. The Perpetual Sukuk is a novation of the existing Perpetual Sukuk of Sime Darby Berhad (Sime Darby), currently the holding company...

MARC has assigned a corporate credit rating of AAA to Sime Darby Plantation Sdn Bhd (SDP) and concurrently assigned a preliminary rating of AAIS to SDP’s Perpetual Subordinated Sukuk Programme of up to RM3.0 billion (Perpetual Sukuk). The outlook on the ratings is stable. The Perpetual Sukuk is a novation of the existing Perpetual Sukuk of Sime Darby Berhad (Sime Darby), currently the holding c...