'NBPOL buy unlikely to affect Sime's rating, outlook'
- 6 years ago
Moody's Investor Services said that Sime Darby 's proposed purchase of New Britain Palm Oil Limited (NBPOL) is unlikely to affect its a3 rating and stable outlook.
It said that Sime Darby has been prudent with its cash management in 2014 as it scaled back capital expenditure (CAPEX) during the nine months ended March 2014 to 1.2 billion ringgit against a full-year expectation of about 2.5 billion ringgit.
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It said that Sime Darby has been prudent with its cash management in 2014 as it scaled back capital expenditure (CAPEX) during the nine months ended March 2014 to 1.2 billion ringgit against a full-year expectation of about 2.5 billion ringgit.
Visit http://www.astroawani.com for more news.