Fitch gives Sime Darby A

Fitch Ratings said it has assigned Sime Darby Bhd. long-term foreign and local currency issuer default ratings of A.

The outlook is stable.

A long-term foreign currency senior unsecured rating of A has also been assigned, the agency said.

Moody's noted that Sime Darby's ratings reflect its strong plantations business, its large size, a diversified business portfolio and its conservative financial leverage.

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