KUALA LUMPUR (Feb 6): Fitch Ratings sees a downside risk to Sime Darby Bhd's credit ratings if it does not retain majority stakes in the plantation and property units upon listing. The international rating agency said its BBB+ rating with a stable outlook on Sime Darby is based on the group's consolidated profile. "The listed entities will bear the Sime Darby brand name and focus on their respective core activities. Sime Darby is expected to provide more information following its board's review of its half-yearly results later this month. At 4.03pm, Sime Darby shares were down six sen or 0.66% at RM8.98, with 7.49 million shares done.

Source: The Edge Markets February 06, 2017 08:53 UTC