Moody's, Fitch reaffirm Sime Darby credit ratings

Kuala Lumpur

TWO international rating agencies - Moody's Credit Outlook and Fitch - have reaffirmed the credit ratings of Malaysian multinational Sime Darby following its proposed acquisition of Papua New Guinea-based New Britain Palm Oil Ltd (NBPOL).

On Oct 9, Sime told a press conference that it was making a general offer for all of NBPOL shares, offering £7.15 a share for the London-listed firm for a total consideration of £1…