Moody's withdraws Sime Darby's Baa3 rating
Moody's Investors Service has today withdrawn Sime Darby Berhad's ("Sime Darby") Baa3 issuer rating and stable outlook. RATINGS RATIONALE Moody's has decided to withdraw the ratings for its own business reasons. Please refer to the Moody's Investors Service Policy for W...Sime Darby is an investment holding company. Through its subsidiaries, Co. operates in seven segments: Plantation, which produces and markets fruit bunch, crude palm oil, palm kernel, rubber and refining; Property, which develops and markets residential, commercial and industrial properties and develops land and provides other recreational services; Industrial, which is engaged in sales, rental and servicing of heavy equipment; Motors, which assembles and distributes vehicles; Energy & Utilities, which is engaged in engineering, power generation, treatment and distribution of treated water; Healthcare, which provides healthcare services; and Others, which is engaged in insurance broking.
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