KUALA LUMPUR: Sime Darby Berhad’s intended listing of its plantation and property units as standalone entities will leave the company’s rating uncertain, said Fitch Ratings. The ratings agency said it would reassess the company’s credit profile once further details about its post-listing shareholding and debt structure became available. “The listed entities will bear the Sime Darby brand name and focus on their respective core activities. Sime Darby is said to be considering its options, implementation measures and timelines, and is likely to provide more information after its board’s review of its half-year results this month. On January 26, Sime Darby announced plans to create plantation and property pure plays to be listed on Bursa Malaysia.

Source: New Strait Times February 07, 2017 05:15 UTC